Rackspace offers managed cloud computing, colocation, business intelligence and customer relationship management services for businesses. Read more

24,556 Followers on Owler
24,556 Followers on Owler
24,556 Followers on Owler
24,556 Followers on Owler

Rackspace offers managed cloud computing, colocation, business intelligence and customer relationship management services for businesses. Read more

TOP COMPETITORS OR ALTERNATIVES

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Digitalocean is seen as one of Rackspace Technology's top competitors. Digitalocean was founded in New York, New York} in 2012. Digitalocean is in the IT Services industry. Compared to Rackspace Technology, Digitalocean generates $2.2B less revenue.

Bluehost is Rackspace Technology's #2 competitor. Bluehost was founded in 2003, and its headquarters is in Burlington, Massachusetts. Bluehost competes in the IT Services industry. Bluehost has 6,050 fewer employees than Rackspace Technology.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$2.5B

Rackspace Technology's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 2.6B. Over the last four quarters, Rackspace Technology's revenue has grown by 13.2%. Specifically, in Q3 2020's revenue was $681.7M; in Q2 2020, it was $656.5M; in Q3 2019, it was $601.7M; in Q2 2019, Rackspace Technology's revenue was $602.4M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Bright Skies GmbH

Nov 2020

Source »
undisclosed
Bright Skies is an IT consulting firm that provides cloud transformation, security, DevOps and managed services for businesses.
Onica Group, LLC

Nov 2019

Source »
undisclosed
Onica is a provider of application modernization, data analytics and cloud application development services for automotive and financial sectors.
RelationEdge, LLC

May 2018

Source »
undisclosed
RelationEdge provides Salesforce software implementation, ongoing support and consulting services.
Datapipe, Inc.

Sep 2017

Source »
undisclosed
Datapipe develops and deploys managed hosting, IT architecture, migration, colocation and security solutions for cloud infrastructures.
TriCore Solutions

May 2017

Source »
undisclosed
TriCore is a provider of infrastructure hosting, business intelligence, ERP and consulting services for healthcare, retail, manufacturing and financial sectors.

These are all the companies that Rackspace Technology has acquired. Rackspace Technology has acquired 12 companies and its latest acquisition was Bright Skies GmbH in Nov 2020. Bright Skies is an IT consulting firm that provides cloud transformation, security, DevOps and managed services for businesses.

Rackspace Technology Funding History

$0$704M

Since Rackspace Technology was founded in 1998, it has participated in 2 rounds of funding. In total Rackspace Technology has raised $704.0M. Rackspace Technology's last funding round was on Aug 2020 for a total of $704.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Aug 2020
$704M
-
Equity
Jun 2000
--

Since Rackspace Technology was founded in 1998, it has participated in 2 rounds of funding. In total Rackspace Technology has raised $704.0M. Rackspace Technology's last funding round was on Aug 2020 for a total of $704.0M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Mailgun is an email automation platform that allows developers to send, receive and track emails from their applications.
$50M
Feb 21, 2017
Equity
Apr 01, 2019
Cloud Technology Partners provides cloud computing consulting services for migrating, developing and managing cloud applications and infrastructures.
$13M
Apr 07, 2016
Series C
Sep 01, 2017
CrowdStrike develops cloud-based cybersecurity software for businesses, healthcare providers, and financial institutions that integrates antivirus, endpoint protection, and artificial intelligence-powered threat hunting.
$100M
Jul 12, 2015
Series C
Jun 10, 2019
ScaleFT is an enterprise software company that offers cloud-native zero trust security solutions.
$800K
May 10, 2015
Seed
Jul 01, 2018
Cloudant provides data hosting and analytics solutions based on open-source BigCouch and CouchDB for business.
$12M
May 14, 2013
Series B
Feb 01, 2014

These are all the companies that Rackspace Technology has invested in. Rackspace Technology has invested 12 companies and its latest investment was Bright Skies GmbH in Nov 2020. Bright Skies is an IT consulting firm that provides cloud transformation, security, DevOps and managed services for businesses.

Rackspace Technology News

January 22, 2021CompanyNews HQ

Rackspace Technology becomes a leader for the European Open Science Cloud marketplace providing AWS expertise for European Researchers

January 21, 2021 London, UK, 21 January 2021: Rackspace Technology (NASDAQ: RXT), a leading end-to-en... See more »
January 19, 2021MarketScreener

Rackspace Technology to Announce Fourth Quarter and Full Year 2020 Earnings on Thursday, February 18, 2021

(marketscreener.com) SAN ANTONIO, Jan. 19, 2021 -- Rackspace Technology, Inc. , a leading end-to-end ... See more »
January 19, 2021FinanzNachrichten

SNP SE and Rackspace Technology Enter into Strategic Partnership

SNP and Rackspace Technology join forces to enable companies to quickly and securely move to the clou... See more »
January 11, 2021CompanyNews HQ

Applications Management Services on the Cloud 2020 Vendor Assessment

January 7, 2021 Rackspace Technology Named a Major Player in IDC MarketScape: Applications Management... See more »
January 7, 2021FinanzNachrichten

Applications Management Services on the Cloud 2020 Vendor Assessment

SAN ANTONIO, Jan. 07, 2021(doc # US46924517, November 2020). The inaugural IDC MarketScape assesses 1... See more »
January 7, 2021The Business Journals: San Antonio

A newly publicly traded company begins new year with fresh outlook

Despite seeing the Rackspace's stock fall and rise multiple times since going public in August 2020, ... See more »
January 6, 2021FE Investegate

Rackspace Technology positioned as a Leader in three categories of 2020 ISG Provider Lens AWS Ecosystem Partners Report for Germany

8:00 AM: Rackspace Technology positioned as a Leader in three categories of 2020 ISG Provider Lens AW... See more »

Rackspace Technology Blogs

February 10, 2020Rackspace Blog

Two elite Rackspace executives recognized on CRN’s 2020 Channel Chiefs list

As an exciting way to start off the new year, Rackers Lisa McLin and Michael Stephens have been named... See more »
January 21, 2020Rackspace Blog

Rackspace Named a Best Place to Work for LGBTQ Equality

For the third consecutive year, Rackspace scored 100 percent on the Human Rights Campaign’s Cor... See more »
December 24, 2019Rackspace Blog

2020 Cloud Predictions: Tolga Tarhan, Rackspace SVP, GM AWS Services

Simply put, there is no stopping the cloud in 2020. Barriers to the cloud will shrink while complex u... See more »
December 12, 2019Rackspace Blog

Matt Stoyka Shares His Best Relationship Advice For Startups

As Rackspace’s Chief Relationship Officer, Matt Stoyka funnels his energy into optimizing our company... See more »
December 11, 2019Rackspace Blog

Re:Invent 2019 is Over: It’s Time to Get to Work!

Many organizations, after catching their breath from another packed AWS re:Invent, are eager to act o... See more »
December 3, 2019Rackspace Blog

Optimize Spend Across Apps, Data, Security and Hybrid and Multi-Cloud Services

Are you under-pressure to be more transparent about how your cloud strategy is delivering value to th... See more »
November 26, 2019Rackspace Blog

Report: Enterprises Turn to Managed Services to Optimize Public Cloud

By now the benefits of public cloud are well-known: increased agility and opportunity for innovation,... See more »

Rackspace Technology Press Releases

November 11, 2020Business Press 24

Rackspace Technology Acquires Bright Skies, a Leading Cloud Transformation Provider Based in Germany

Rackspace Technology?ence. Bright Skies? cloud-native professional services capabilities complement R... See more »
November 10, 2020GlobeNewswire

Rackspace Technology Reports Third Quarter 2020 Results

SAN ANTONIO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading en... See more »
October 22, 2020GlobeNewswire

Rackspace Technology Announces Enhanced, Full-Lifecycle Capabilities to Help Customers Envision, Develop, and Launch their IoT Solutions

SAN ANTONIO, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-e... See more »
February 4, 2020GlobeNewswire

Rackspace Announces FedRAMP Authorized Platform on Amazon Web Services

SAN ANTONIO, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Rackspace extends its FedRAMP authorization to include... See more »
September 25, 2019Business Wire India

Stack Overflow Names Prashanth Chandrasekar New CEO

Business Wire India... See more »
January 16, 2019Industry Today

Iaas 2019 Global Market Key Players - Rackspace, Bluelock, Navisite, Layered Technologies, Computer Sciences, Fujitsu, Sunguard, Dimension Data, IBM, GoGrid, AT&T, Google, Microsoft......

Iaas - Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023 Posted v... See more »
August 9, 2018PRWeb

Rackspace Awarded First-place in Fifty Five and Five's Annual Marketing Report

RACKSPACE is named best overall Microsoft Partner for digital marketing across website, social media ... See more »

Rackspace Technology Videos

November 2, 2020Rackspace Technology Youtube Channel

"Solving Together with Customers: Kahlia Reinhardt" on YOUTUBE

October 26, 2020Rackspace Technology Youtube Channel

"The Changing Role of the CIO | Solve" on YOUTUBE

October 16, 2020Rackspace Technology Youtube Channel

"How to Migrate at Scale" on YOUTUBE

September 29, 2020Rackspace Technology Youtube Channel

"Cybersecurity in a Multicloud World" on YOUTUBE

Social Media

Headquarters

1 Fanatical Place City of Windcrest

San Antonio, Texas78218

1-210-312-4700

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Summary

ABOUT

Overview

Rackspace (NYSE, RAX) is an open cloud company focusing on cloud computing services, including public, hybrid hosting, dedicated and private cloud. Founded in 1998, the company has its headquarters in Windcrest, Texas. It also has offices in Australia...

CEO

Rackspace Technology's CEO, Kevin M Jones, currently has an approval rating of 99%. Rackspace Technology's primary competitors are Digitalocean, CenturyLink & Bluehost.

Website

rackspace.com

Frequently Asked Questions about Rackspace Technology

  1. When was Rackspace Technology founded?

    Rackspace Technology was founded in 1998
  2. Who is Rackspace Technology's CEO?

    Rackspace Technology's CEO is Kevin M Jones
  3. How much revenue does Rackspace Technology generate?

    Rackspace Technology generates $2.5B in revenue
  4. How much funding does Rackspace Technology have?

    Rackspace Technology has historically raised $704M in funding
  5. Where is Rackspace Technology's headquarters?

    Rackspace Technology's headquarters is in San Antonio Texas, USA
  1. How many employees does Rackspace Technology have?

    Rackspace Technology has 6,800 employees
  2. What sector does Rackspace Technology operate in?

    Rackspace Technology is in Internet Software, IT Services, Customer Relationship Management (CRM)
  3. Who are Rackspace Technology's competitors?

    Rackspace Technology's top competitors are Digitalocean, CenturyLink, Bluehost
  4. Who has Rackspace Technology invested in?

    Rackspace Technology's has invested in companies such as Mailgun, CTP, CrowdStrike