Seattle Children's Signs a Transformative Multi-Year Managed Cloud Agreement with Rackspace Technology
Rackspace Technology (NASDAQ: RXT) has announced a transformative 10-year, multi-million-dollar partnership with Seattle Children's Hospital to provide comprehensive managed cloud solutions. The agreement focuses on transforming the hospital's data center operations and modernizing infrastructure for clinical and non-clinical workloads through Rackspace's Healthcare Cloud.
Through Rackspace's Cost and Productivity Optimization (CPO) assessment framework, the partnership aims to streamline IT operations, phase out legacy technologies, and create a standardized managed services model across private and public clouds. Rackspace will manage Seattle Children's workloads on its private cloud and major platforms like Azure and AWS.
The implementation is expected to deliver enhanced agility, reliability, scalability, and security while significantly reducing IT costs. These savings will allow Seattle Children's to maintain focus on their core mission of enhancing patient care and advancing pediatric research initiatives.
Rackspace Technology (NASDAQ: RXT) ha annunciato una partnership trasformativa di 10 anni, del valore di milioni di dollari, con il Seattle Children's Hospital per fornire soluzioni cloud gestite complete. L'accordo si concentra sulla trasformazione delle operazioni del data center dell'ospedale e sulla modernizzazione dell'infrastruttura per i carichi di lavoro clinici e non clinici attraverso il Healthcare Cloud di Rackspace.
Attraverso il framework di valutazione Cost and Productivity Optimization (CPO) di Rackspace, la partnership mira a semplificare le operazioni IT, eliminare le tecnologie obsolete e creare un modello standardizzato di servizi gestiti su cloud privati e pubblici. Rackspace gestirà i carichi di lavoro del Seattle Children's sulla sua cloud privata e su piattaforme importanti come Azure e AWS.
Si prevede che l'implementazione offrirà maggiore agilità, affidabilità, scalabilità e sicurezza, riducendo significativamente i costi IT. Questi risparmi consentiranno al Seattle Children's di mantenere il focus sulla propria missione principale di migliorare la cura dei pazienti e di promuovere iniziative di ricerca pediatrica.
Rackspace Technology (NASDAQ: RXT) ha anunciado una asociación transformadora de 10 años y multimillonaria con el Seattle Children's Hospital para proporcionar soluciones en la nube gestionadas de manera integral. El acuerdo se centra en transformar las operaciones del centro de datos del hospital y modernizar la infraestructura para cargas de trabajo clínicas y no clínicas a través de la Healthcare Cloud de Rackspace.
A través del marco de evaluación Cost and Productivity Optimization (CPO) de Rackspace, la asociación tiene como objetivo optimizar las operaciones de TI, eliminar tecnologías heredadas y crear un modelo estandarizado de servicios gestionados en nubes privadas y públicas. Rackspace gestionará las cargas de trabajo de Seattle Children's en su nube privada y en plataformas importantes como Azure y AWS.
Se espera que la implementación proporcione una mayor agilidad, confiabilidad, escalabilidad y seguridad, mientras reduce significativamente los costos de TI. Estos ahorros permitirán a Seattle Children's mantener el enfoque en su misión principal de mejorar la atención al paciente y avanzar en iniciativas de investigación pediátrica.
랙스페이스 테크놀로지 (NASDAQ: RXT)는 시애틀 아동병원과 10년간의 수백만 달러 규모의 혁신적인 파트너십을 발표했습니다. 이 파트너십은 병원의 데이터 센터 운영을 변혁하고, 임상 및 비임상 작업을 위한 인프라를 현대화하는 데 중점을 두고 있습니다. 이는 Rackspace의 헬스케어 클라우드를 통해 이루어집니다.
랙스페이스의 비용 및 생산성 최적화(CPO) 평가 프레임워크를 통해, 이 파트너십은 IT 운영을 간소화하고, 구식 기술을 단계적으로 폐기하며, 개인 및 공공 클라우드 전반에 걸쳐 표준화된 관리 서비스 모델을 구축하는 것을 목표로 합니다. Rackspace는 시애틀 아동병원의 작업을 자체 개인 클라우드와 Azure 및 AWS와 같은 주요 플랫폼에서 관리합니다.
이 구현은 민첩성, 신뢰성, 확장성 및 보안을 향상시키면서 IT 비용을 크게 줄일 것으로 기대됩니다. 이러한 절감은 시애틀 아동병원이 환자 치료 개선 및 소아 연구 이니셔티브를 발전시키는 핵심 임무에 집중할 수 있도록 해줄 것입니다.
Rackspace Technology (NASDAQ: RXT) a annoncé un partenariat transformateur de 10 ans, d'une valeur de plusieurs millions de dollars, avec l'hôpital pour enfants de Seattle afin de fournir des solutions cloud gérées complètes. L'accord se concentre sur la transformation des opérations du centre de données de l'hôpital et la modernisation de l'infrastructure pour les charges de travail cliniques et non cliniques via le Healthcare Cloud de Rackspace.
Grâce au cadre d'évaluation Cost and Productivity Optimization (CPO) de Rackspace, le partenariat vise à rationaliser les opérations informatiques, à éliminer les technologies obsolètes et à créer un modèle standardisé de services gérés sur des clouds privés et publics. Rackspace gérera les charges de travail de l'hôpital pour enfants de Seattle sur son cloud privé et sur des plateformes majeures telles qu'Azure et AWS.
L'implémentation devrait offrir une agilité, une fiabilité, une scalabilité et une sécurité accrues tout en réduisant considérablement les coûts informatiques. Ces économies permettront à l'hôpital pour enfants de Seattle de se concentrer sur sa mission principale d'améliorer les soins aux patients et de faire avancer les initiatives de recherche pédiatrique.
Rackspace Technology (NASDAQ: RXT) hat eine transformative 10-jährige Partnerschaft im Wert von mehreren Millionen Dollar mit dem Seattle Children's Hospital angekündigt, um umfassende verwaltete Cloud-Lösungen bereitzustellen. Die Vereinbarung konzentriert sich auf die Transformation der Rechenzentrumsoperationen des Krankenhauses und die Modernisierung der Infrastruktur für klinische und nicht-klinische Arbeitslasten über die Healthcare Cloud von Rackspace.
Durch das Kosten- und Produktivitätsoptimierungsrahmenwerk (CPO) von Rackspace zielt die Partnerschaft darauf ab, die IT-Betrieb zu optimieren, veraltete Technologien abzubauen und ein standardisiertes Modell für verwaltete Dienste über private und öffentliche Clouds zu schaffen. Rackspace wird die Arbeitslasten des Seattle Children's Hospitals in seiner privaten Cloud und auf wichtigen Plattformen wie Azure und AWS verwalten.
Die Implementierung wird voraussichtlich eine verbesserte Agilität, Zuverlässigkeit, Skalierbarkeit und Sicherheit bieten und gleichzeitig die IT-Kosten erheblich senken. Diese Einsparungen ermöglichen es dem Seattle Children's Hospital, sich auf seine Kernmission zu konzentrieren: die Verbesserung der Patientenversorgung und die Förderung von Forschungsinitiativen im Bereich der Pädiatrie.
- 10-year multi-million-dollar contract securing long-term revenue
- Expansion into healthcare sector with major institutional client
- Comprehensive service agreement covering private and public cloud management
- Cost reduction potential demonstrating value proposition to healthcare clients
- None.
Insights
This transformative agreement marks a strategic milestone for Rackspace Technology, significantly strengthening its position in the lucrative healthcare cloud services market. The 10-year commitment from a prestigious institution like Seattle Children's Hospital provides crucial revenue visibility and stability for Rackspace, particularly valuable given the company's current market capitalization of
The deal's structure offers multiple revenue streams through comprehensive managed services across private and public clouds, suggesting a high-margin, recurring revenue model. Healthcare clients typically maintain long-term relationships due to high switching costs and regulatory compliance requirements, making this agreement particularly valuable for future revenue stability.
The strategic significance extends beyond immediate financial benefits. By successfully implementing its Cost and Productivity Optimization framework at Seattle Children's, Rackspace demonstrates its capability to serve complex healthcare environments. This reference case could accelerate similar deals in the $15.5 billion healthcare cloud market, where security, compliance, and reliability requirements create high barriers to entry.
The hybrid cloud approach, managing workloads across private cloud and major platforms like Azure and AWS, positions Rackspace as a strategic partner rather than just a service provider. This model typically commands higher margins and creates deeper client relationships, potentially leading to service expansion opportunities throughout the contract duration.
For investors, this agreement represents a significant positive signal about Rackspace's competitive positioning and ability to win major enterprise contracts in high-value sectors. The long-term nature of the deal provides predictable revenue streams and demonstrates the company's ability to secure substantial commitments despite intense competition from larger cloud providers.
Rackspace’s data center transformation program supports Seattle Children’s focus on innovation and enhancing patient care
SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced a significant partnership with Seattle Children's Hospital. Through the 10-year, multi-million-dollar agreement, Rackspace will provide an end-to-end managed cloud solution to transform Seattle Children’s data center operations and modernize their infrastructure for clinical and non-clinical workloads, enabling them to shift to Rackspace’s state-of-the-art Healthcare Cloud. The comprehensive managed cloud service agreement will deliver enhanced agility, reliability, scalability, and security while significantly reducing IT costs for Seattle Children’s. The savings will enable Seattle Children’s to continue focusing on their mission of enhancing patient care and advancing pediatric research initiatives.
“Seattle Children's is committed to our mission of delivering hope, care, and cures to help every child lead a healthier, more fulfilling life,” said Dr. Zafar Chaudry, Senior Vice President, Chief Digital Officer, and Chief AI and Information Officer at Seattle Children's. “The integration of cutting-edge technology is a critical component to delivering exceptional patient care. This collaboration with Rackspace will not only streamline our IT operations but also create capacity for resources to expand our services and enrich the patient experience.”
Rackspace deployed its Cost and Productivity Optimization (CPO) assessment framework, where Seattle Children’s and Rackspace evaluated spending across IT infrastructure and data center expenditures. The assessment revealed that Rackspace’s data center transformation solution would simplify operations, phase out legacy technologies, and create a standardized managed services model across private and public clouds. Leveraging its standardized operating model combined with deep expertise in hybrid cloud environments, Rackspace will manage Seattle Children's workloads on its private cloud as well as on major platforms like Azure and AWS.
“It is an honor to partner with Seattle Children's in support of its vital mission, ultimately improving patient care and fostering advancements in pediatric research,” said Amar Maletira, Chief Executive Officer of Rackspace Technology. “This agreement lays the foundation for a modern IT infrastructure on Rackspace’s Healthcare Cloud, blending managed services with hybrid cloud solutions to enhance security, efficiency, and operational resilience.”
PV SubbaRao, Senior Vice President of Global Healthcare and Life Sciences at Rackspace, added, “Our collaboration will be a seamless process, focused on reducing costs and aligning with Seattle Children's mission and future growth. Leveraging hybrid cloud solutions across diverse locations ensures availability, performance, and automation, allowing Seattle Children's to maximize its technological capabilities while driving innovation on behalf of the patients and families it serves.”
About Rackspace Technology
Rackspace Technology is a leading end-to-end, hybrid cloud and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
Media Contact: Natalie Silva, publicrelations@rackspace.com
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