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Rackspace Technology

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A class action lawsuit against Rackspace Technology, Inc. was filed on December 12, 2022, by Cole & Van Note for tens of thousands of businesses who lost access to their emails and services due to ransomware users. Stephenson, et al. v. Rackspace Technology, Inc. This class action was dismissed
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Although the founders began as application developers for end-users, they found that most companies did not either know how or want to host their applications. The founders wanted to focus on application development–not hosting–but they were unable to find an opportunity to outsource the hosting
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on July 18, 2017, with a planned full offering in late 2017. Rackspace partnered with Google in Customer Reliability Engineering, a group of Google Site Reliability Engineers, to ensure cloud applications "run with the same speed and reliability as some of Google's most widely-used products".
591:, purchased ServerBeach in October 2004 for $ 7.5 Million. Peer 1 Hosting entered the UK managed hosting market in January 2009 and the ServerBeach brand now competes directly with the UK arm of Rackspace, run by Dominic Monkhouse, former managing director of Rackspace Limited. 394:(IPO) in which it raised $ 187.5 million. The initial public offering included 15,000,000 shares of its common stock at a price of $ 12.50 per share. The IPO did not do well in the public market and lost about 20% of its initial price almost immediately. 582:
in San Antonio in January 2003 as a lower-cost alternative for dedicated servers designed for technology hobbyists who want flexibility and reliability. Richard Yoo was a catalyst in the startup of ServerBeach. A bandwidth and colocation provider,
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hosted on Rackspace's servers). After initial investigation Rackspace declared the incident a 'security incident' and said it had powered down its servers to protect customer data which some commentators speculated might be indicative of a
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rather than wait to have their Exchange-based solutions restored. On Monday December 5, 2022, the first full day of trading after the incident (which started on the previous Friday), Rackspace's shares were down as much as 16% ($ 0.75).
432:." Others questioned the appropriateness of Rackspace's action, stating that there is "absolutely no reason for web hosts to have an editorial policy, and this only gives Jones more attention and makes him look more persecuted." 332:. Although most hosting companies focused on the technology end of hosting, Rackspace created its "Fanatical Support" offering to focus on service and support. On March 28, 2000, Rackspace received funding through lead investor 605:
On October 1, 2007, Rackspace acquired Webmail.us, a private e-mail hosting firm located in Blacksburg, VA. Originally branded as Mailtrust on May 20, 2009, it became part of the newly formed Cloud Office division of Rackspace.
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In April 2012, Rackspace announced it would implement OpenStack Compute as the underlying technology for their Cloud Servers product. This change introduced a new control panel as well as add-on cloud services offering
675:. In 2015, two Rackspace executives were elected to the board of the OpenStack Foundation. In a February 2016 interview, CTO John Engates stated that Rackspace uses OpenStack to power their public and private cloud. 367:
building in the mall until 2006 when it was sold to a developer. The city of Windcrest purchased 111 acres (0.45 km) south of the mall to create a residential and retail complex. The facility is located next to
387:. Regular "Open Book" meetings are held where the top level leaders share in-depth financial information with all employees. In 2011 and 2013, the company was named as one of the top 100 places to work by Fortune. 1016: 328:
work. Eventually, the founders realized that it would be better to create a product to serve the hosting need and launch it as a company. Rackspace was launched in October 1998 with Richard Yoo as its
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In May 2017, CEO Taylor Rhodes announced he was leaving the company on May 16 to work for a smaller private company in a different city. In May 2017, Rackspace named Joe Eazor as its new CEO.
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In December 2022 Rackspace suffered a major service outage which affected all their hosted Exchange users (customers who bought email services from Rackspace that involved instances of
3014: 1318: 428:. Rackspace claims that this violated their company policy. This move came under criticism, notably from Terry Jones himself, who described it as an "indirect attack on our 2989: 295:, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico and Hong Kong. Its data centers are located in 383:
s "Top 100 Best Companies to Work For 2008" placed Rackspace as No. 32 the first year that Rackspace applied for consideration. The company was praised for its
1578:"Rackspace Technology, Inc. | Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services" 837: 1449: 1577: 921: 811: 369: 997: 1884: 443:, had reached an agreement to buy the company for $ 4.3 billion. The sale was completed in November 2016 and Rackspace officially ended trading on the 1228: 1134: 3009: 3004: 1138: 1031: 1062: 1551: 1423: 1083: 3034: 1523: 1495: 1702: 1260: 692: 471:(IPO). The Initial public offering of 33,500,000 shares of its common stock at an initial public offering price of $ 21.00 per share. 2417: 2253: 1177: 3039: 2999: 710: 1344: 3044: 3029: 3024: 1877: 1371: 724: 706: 2984: 510:
On September 13, 2007, Rackspace announced it has acquired email hosting provider Webmail.us, based in Blacksburg, Virginia.
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On August 8, 2008, Rackspace opened for trading on the New York Stock Exchange under the ticker symbol "RAX" after its
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Rackspace announced on March 8, 2017, plans for an expansion to its portfolio to include managed service for the
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incident, a theory that was lent further credence by Rackspace's decision to recommend that customers migrate to
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On September 8, 2010, Rackspace received national attention when they decided to discontinue providing
1638: 1039: 2756: 17: 1840: 1397: 2950: 2856: 2407: 2392: 2239: 440: 333: 1680: 340:. George J. Still, Jr., Managing Partner at Norwest, subsequently joined the Board of Directors. 2377: 2301: 1537: 468: 444: 391: 384: 126: 2387: 2347: 2220: 1659: 1639:"Mosso Leverages Utility Computing to Provide Complete Hosting Solution for Web Professionals" 2796: 2786: 2560: 2442: 2432: 2357: 2326: 2321: 2316: 2291: 2038: 648: 621: 614: 402: 316: 3019: 2412: 2311: 2306: 2286: 2276: 525: 425: 417: 308: 284: 153: 1460: 8: 2751: 2573: 2210: 2028: 2018: 595: 436: 409: 2708: 2053: 1319:"Cole & Van Note Announces Filing of Rackspace Ransomware/Data Breach Class Action" 478: 376: 280: 112: 1826:
Mike W. Thomas, "OpenStack Foundation adds two Rackspace execs to board of directors"
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In January 2024, Rackspace moved its San Antonio Global Headquarters from Windcrest (
429: 398: 356: 975: 750: 71: 2891: 2550: 2465: 2397: 2089: 2079: 1940: 1510:"Rackspace to Acquire Onica a Cloud Native Consulting and Managed Services Company" 728: 360: 223: 2886: 2836: 2703: 2653: 2643: 2262: 2048: 1474: 672: 610: 599: 364: 337: 276: 137: 84: 1841:"Rackspace Focuses on Fanatical Support, Grows to 6,000+ Employees | HostAdvice" 535:
On May 25, 2017, Rackspace announced an agreement to acquire TriCore Solutions.
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December 18, 2009, Rackspace experienced an outage for customers using their
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In 2008, Rackspace moved its headquarters from a building once occupied by
1524:"Rackspace to Improve Cloud-Based Email Services by Acquiring Mailgun Inc" 2801: 2608: 2362: 1783: 644: 598:
hosting services. Eventually, the division became the foundation for the
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On September 17, 2018, Rackspace announced it had acquired RelationEdge.
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In October 2006, Mosso Inc. was launched, which experimented with
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In September 2022 the company named Amar Maletira as its new CEO.
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On October 22, 2008, Rackspace acquired Slicehost, a provider of
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On November 4, 2019, Rackspace announced plans to acquire Onica.
1758:"Opening The Rackspace Cloud – The Official Rackspace Blog" 1372:"Windcrest deal could turn Rackspace HQ into industrial complex" 2926: 2896: 2861: 2826: 2821: 2718: 2713: 2633: 2460: 2139: 2119: 2033: 2002: 1933: 1625:"Peer 1 & ServerBeach enter UK market with ex-Rackspace MD" 1233: 1110:"Rackspace demotes a CEO to hire a CEO to replace CEO who quit" 976:"Rackspace Goes Down. Again. Takes The Internet With It. Again" 584: 560: 460: 67: 1032:"Apollo Global to buy Rackspace Hosting in $ 4.3 billion deal" 743: 459:
In August 2020 Rackspace Technology opened for trading on the
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On January 18, 2022, Rackspace announced it had acquired the
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In April 2019, the company named Kevin Jones as its new CEO.
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On September 11, 2017, Rackspace announced plans to acquire
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On October 22, 2008, Rackspace announced it was purchasing
1178:"Rackspace changes name in preparation for public markets" 1063:"It's official: Rackspace exiting New York Stock Exchange" 524:
On February 16, 2012, Rackspace acquired SharePoint911, a
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In June 2020 it changed its name to Rackspace Technology.
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Companies formerly listed on the New York Stock Exchange
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data center – including those of Rackspace Cloud.
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Companies with an annual revenue of over US$ 4 billion
838:"San Antonio approves boundary change for Rackspace" 1482:"Rackspace Announces Agreement to Acquire Datapipe" 573: 435:In August 2016, it was confirmed that the American 372:, and many Roosevelt students intern at Rackspace. 2990:Internet technology companies of the United States 1204:"Rebranded Rackspace Ready To Conquer Multi-Cloud" 1084:"Rackspace CEO Rhodes resigns 6 months after sale" 924:. Networkworld.com. August 8, 2008. Archived from 655:to become the OpenStack Object Storage component. 1512:(Press release). GlobeNewsWire. November 4, 2019. 363:. Rackspace's Chairman, Graham Weston, owned the 307:(China), Kansas City (USA), New York City (USA), 2976: 922:"Rackspace IPO needed to cope with fast growth" 416:. This was in reaction to Dove World's pastor 948:"Initial Public Offering – Press Release" 2247: 1878: 1749: 1261:"Amar Maletira Named Chief Executive Officer" 693:"Amar Maletira Named Chief Executive Officer" 1892: 1133:: CS1 maint: multiple names: authors list ( 1798: 1603:"Peer 1 Buys ServerBeach for $ 7.5 Million" 651:product to the OpenStack project under the 495:by the judge in San Antonio in May, 2023. 2254: 2240: 1885: 1871: 1806:"The Rackspace Cloud Powered By OpenStack" 1137:) CS1 maint: numeric names: authors list ( 784: 1700: 1369: 1201: 1060: 342: 27:American managed cloud computing company 1755: 1299:Iszler, By Madison (December 5, 2022). 1108:at 03:01, Simon Sharwood May 25, 2017. 1029: 711:U.S. Securities and Exchange Commission 14: 3010:Computer companies established in 1998 3005:American companies established in 1998 2977: 1370:Biediger, Shari (September 29, 2023). 1298: 2235: 1866: 1725: 1723: 1701:Lardinois, Frederic (March 8, 2017). 1030:Medhora, Narottam (August 26, 2016). 1014: 420:' plan to burn several copies of the 2957: 1538:"ObjectRocket Acquired by Rackspace" 1447: 1241:from the original on October 7, 2022 1107: 319:(Singapore) and Sydney (Australia). 2261: 1729: 1681:"Jungle Disk Acquired By Rackspace" 1448:Gage, Deborah (February 16, 2012). 1422:Kincaid, Jason (October 22, 2008). 1061:Brezosky, Lynn (November 3, 2016). 643:In 2010, Rackspace contributed the 615:online backup software and services 24: 3035:Apollo Global Management companies 1720: 1396:Macmanus, Richard (October 2007). 559:, Exceptional Cloud Services, and 25: 3056: 2373:Distributed file system for cloud 2302:Integration platform as a service 1660:"Slicehost Acquired By Rackspace" 1237:(Press release). August 4, 2020. 1202:Tsidulko, Joseph (June 9, 2020). 1015:Saint, Nick (September 9, 2010). 902:. Money.cnn.com. January 17, 2013 751:"Rackspace Data Center Locations" 2956: 2945: 2944: 1301:"Rackspace email service outage" 574:Involvement with other companies 230: 229: 213: 212: 192: 191: 171: 170: 148: 147: 38: 1833: 1820: 1782:. Rackspace.com. 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Still - Biography" 678: 2985:1998 establishments in Texas 1828:San Antonio Business Journal 632: 528:consulting company based in 521:and VPS provider SliceHost. 7: 2297:Infrastructure as a service 551:Other acquisitions include 412:to one of their customers, 96:; 26 years ago 10: 3061: 812:"Edgar Online S-1A Filing" 636: 424:on the anniversary of the 414:Dove World Outreach Center 322: 273:Rackspace Technology, Inc. 33:Rackspace Technology, Inc. 2995:Cloud computing providers 2940: 2757:Abiquo Enterprise Edition 2737: 2559: 2441: 2335: 2269: 2178: 2072: 2011: 1909: 1902: 1153:"Rackspace names new CEO" 1017:"San Francisco Chronicle" 1002:Christian Science Monitor 283:. It also has offices in 262: 248: 238: 221: 204: 182: 162: 143: 133: 119: 108: 90: 80: 56: 46: 37: 2393:Native cloud application 1305:San Antonio Express-News 1088:San Antonio Express-News 441:Apollo Global Management 334:Norwest Venture Partners 2917:Virtual Machine Manager 2378:Hardware virtualization 1421: 1395: 469:initial public offering 445:New York Stock Exchange 392:initial public offering 355:to the then-unoccupied 234:US$ 1.33 billion (2021) 217:US$ 6.32 billion (2021) 2388:Mobile cloud computing 2358:Cloud storage gateways 2348:Cloud-native computing 2221:Warner Bros. Discovery 791:www.marketscreener.com 555:, Anso Labs, Mailgun, 348: 2433:Virtual private cloud 2327:Software as a service 2322:Security as a service 2317:Platform as a service 2292:Function as a service 1114:www.theregister.co.uk 1004:. September 10, 2010. 962:"Rackspace IPO tanks" 622:Google Cloud Platform 587:Hosting now known as 447:on November 3, 2016. 370:Roosevelt High School 353:Datapoint Corporation 346: 244:6,600 (December 2021) 2413:Serverless computing 2312:Network as a service 2307:Backend as a service 2287:Desktop as a service 2277:Content as a service 624:. The program began 602:Computing offering. 526:Microsoft SharePoint 426:September 11 attacks 2752:Amazon Web Services 2574:Amazon Web Services 2211:Paramount Streaming 1786:on January 26, 2012 1454:Wall Street Journal 1182:www.bizjournals.com 1157:www.bizjournals.com 978:. December 18, 2009 818:on February 5, 2009 578:Rackspace launched 437:private equity firm 410:web hosting service 240:Number of employees 34: 2709:SAP Cloud Platform 2418:Structured storage 2054:Oracle Corporation 1847:. February 8, 2016 1558:. January 19, 2022 1376:San Antonio Report 1325:. December 6, 2022 1042:on August 26, 2016 882:"Fortune Magazine" 844:on August 11, 2007 731:on August 18, 2007 673:virtual networking 479:Microsoft Exchange 397:At around 3:45 PM 349: 281:San Antonio, Texas 113:San Antonio, Texas 32: 2972: 2971: 2624:Google App Engine 2423:Virtual appliance 2282:Data as a service 2229: 2228: 1605:. October 6, 2004 1265:www.rackspace.com 430:freedom of speech 403:Dallas–Fort Worth 357:Windsor Park Mall 279:company based in 270: 269: 16:(Redirected from 3052: 2960: 2959: 2948: 2947: 2892:Safe Swiss Cloud 2256: 2249: 2242: 2233: 2232: 2090:Booking Holdings 1887: 1880: 1873: 1864: 1863: 1857: 1856: 1854: 1852: 1837: 1831: 1830:January 20, 2015 1824: 1818: 1817: 1815: 1813: 1802: 1796: 1795: 1793: 1791: 1776: 1770: 1769: 1767: 1765: 1753: 1747: 1746: 1744: 1742: 1727: 1718: 1717: 1715: 1713: 1698: 1692: 1691: 1689: 1687: 1677: 1671: 1670: 1668: 1666: 1656: 1650: 1649: 1647: 1645: 1635: 1629: 1628: 1621: 1615: 1614: 1612: 1610: 1599: 1593: 1592: 1590: 1588: 1582:ir.rackspace.com 1574: 1568: 1567: 1565: 1563: 1548: 1542: 1541: 1534: 1528: 1527: 1520: 1514: 1513: 1506: 1500: 1499: 1492: 1486: 1485: 1478: 1472: 1471: 1464: 1458: 1457: 1445: 1439: 1438: 1436: 1434: 1419: 1413: 1412: 1410: 1408: 1393: 1387: 1386: 1384: 1382: 1367: 1361: 1360: 1358: 1356: 1341: 1335: 1334: 1332: 1330: 1323:Morningstar, Inc 1315: 1309: 1308: 1296: 1290: 1289: 1282: 1276: 1275: 1273: 1271: 1257: 1251: 1250: 1248: 1246: 1225: 1219: 1218: 1216: 1214: 1199: 1193: 1192: 1190: 1188: 1174: 1168: 1167: 1165: 1163: 1149: 1143: 1142: 1132: 1124: 1122: 1120: 1105: 1099: 1098: 1096: 1094: 1080: 1074: 1073: 1071: 1069: 1058: 1052: 1051: 1049: 1047: 1038:. 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March 1, 2022. 703: 697: 696: 689: 530:Cincinnati, Ohio 467:"RXT" after its 382: 361:Windcrest, Texas 258: 255: 233: 232: 226: 216: 215: 209: 200: 198: 197:US$ −218 million 195: 194: 177: 176:US$ −2.5 million 174: 173: 165:Operating income 157: 151: 150: 104: 102: 97: 42: 35: 31: 21: 3060: 3059: 3055: 3054: 3053: 3051: 3050: 3049: 2975: 2974: 2973: 2968: 2936: 2887:Rackspace Cloud 2837:Microsoft Azure 2733: 2654:Microsoft Azure 2555: 2437: 2331: 2270:Business models 2265: 2263:Cloud computing 2260: 2230: 2225: 2174: 2068: 2049:Microsoft Azure 2012:Cloud computing 2007: 1905: 1898: 1891: 1861: 1860: 1850: 1848: 1839: 1838: 1834: 1825: 1821: 1811: 1809: 1804: 1803: 1799: 1789: 1787: 1778: 1777: 1773: 1763: 1761: 1760:. 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Cloud 2022: 2020: 2017: 2016: 2014: 2010: 2004: 2001: 1999: 1996: 1994: 1991: 1989: 1986: 1984: 1981: 1977: 1974: 1973: 1972: 1969: 1967: 1964: 1962: 1959: 1957: 1954: 1952: 1949: 1947: 1944: 1942: 1939: 1935: 1932: 1931: 1930: 1927: 1925: 1922: 1920: 1917: 1916: 1914: 1912: 1908: 1901: 1896: 1888: 1883: 1881: 1876: 1874: 1869: 1868: 1865: 1846: 1842: 1836: 1829: 1823: 1807: 1801: 1785: 1781: 1775: 1759: 1752: 1737: 1733: 1726: 1724: 1708: 1704: 1697: 1682: 1676: 1661: 1655: 1640: 1634: 1626: 1620: 1604: 1598: 1583: 1579: 1573: 1557: 1553: 1547: 1539: 1533: 1525: 1519: 1511: 1505: 1497: 1491: 1483: 1477: 1469: 1463: 1455: 1451: 1444: 1429: 1425: 1418: 1403: 1399: 1392: 1377: 1373: 1366: 1350: 1346: 1340: 1324: 1320: 1314: 1306: 1302: 1295: 1287: 1281: 1270:September 22, 1266: 1262: 1256: 1240: 1236: 1235: 1230: 1224: 1209: 1205: 1198: 1183: 1179: 1173: 1158: 1154: 1148: 1140: 1136: 1130: 1115: 1111: 1104: 1089: 1085: 1079: 1064: 1057: 1041: 1037: 1033: 1026: 1018: 1011: 1003: 999: 993: 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Index

Rackspace

Public
Traded as
Nasdaq
RXT
Cloud computing
San Antonio, Texas
CEO
Cloud computing
US$
Operating income
Net income
Total assets
Total equity
rackspace.com
cloud computing
San Antonio, Texas
Blacksburg
Virginia
Austin, Texas
Amsterdam
Frankfurt
Hong Kong
San Jose
Shanghai
Queenstown
CEO
Norwest Venture Partners
Sequoia Capital

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