Rackspace Technology

Rackspace Technology

Managed multicloud cloud services and security

Overview

Rackspace Technology provides managed cloud services with a focus on multicloud solutions. It helps businesses adopt and transform their IT infrastructure across multiple cloud platforms (including AWS, Google Cloud, and Microsoft Azure) by handling cloud management, data services, and security. Its offerings include Rackspace Elastic Engineering, which gives on-demand engineering and support to help clients innovate and scale operations, with a particular emphasis on VMware environments. The company earns through subscription-based cloud management, consulting, and programs like Referral and Private Equity Partners. Unlike firms that specialize in a single cloud or DIY tooling, Rackspace combines multicloud management, on-demand engineering, data modernization, and security across multiple clouds to simplify IT operations for customers. Its goal is to enable organizations to optimize and secure their cloud environments so they can focus on their core business activities.

About Rackspace Technology

Simplify's Rating
Why Rackspace Technology is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Cybersecurity

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

San Antonio, Texas

Founded

1998

Simplify Jobs

Simplify's Take

What believers are saying

  • AMD partnership expands enterprise AI cloud demand in regulated industries, starting May 7, 2026.
  • Uniphore collaboration opens outcomes-based AI services, including agents and data preparation.
  • Mazda and Niterra wins show Rackspace can land mission-critical modernization and hosting contracts.

What critics are saying

  • Hyperscalers keep bundling native managed services, compressing Rackspace's pricing and margins.
  • Rackspace's negative free cash flow and leverage constrain investment if AI deals disappoint.
  • Palantir, AMD, and Uniphore partnerships overlap, creating partner conflict and weak moat.

What makes Rackspace Technology unique

  • Founded in 1998, Rackspace built Fanatical Support for complex enterprise cloud operations.
  • Its 2026 partnerships with AMD, Palantir, Uniphore, and Rubrik target regulated AI.
  • Rackspace combines managed multicloud, sovereign hosting, and forward-deployed engineers across private clouds.

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Funding

Total Funding

$5.3B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Associated Press
Apr 8th, 2026
Rackspace appoints Paul Soligon and Marco Tesini to senior leadership roles

Rackspace Technology has appointed Paul Soligon as senior vice president of operations and Marco Tesini as senior vice president of international for its Private Cloud business unit. Soligon will oversee business operations, sales operations and customer success, focusing on analytics and customer experience. Soligon brings over 25 years of technology leadership experience, most recently serving as senior vice president at USAN. He previously spent nearly a decade at Amazon Web Services as vice president and general manager of sales, leading a 700-person team responsible for over $2.2 billion in revenue. Tesini will lead markets outside the US, leveraging more than 25 years of experience driving business transformation at companies including Unisys and Hitachi Vantara, where he most recently delivered double-digit growth through regional turnarounds.

HostSearch
Mar 31st, 2026
Mazda selects Rackspace to power web and application Hosting across North america.

Mazda selects Rackspace to power web and application Hosting across North america. March 31, 2026 Rackspace Hosting, the open cloud company, has announced that Mazda North American Operations (MNAO) has selected Rackspace technologies to support its web presence across the United States, Mexico, and Canada, along with its MyMazda application. The platform is designed to handle approximately 2.1 million unique monthly visitors while ensuring reliable performance during periods of increased demand. Mazda has implemented Rackspace Critical Application Services, leveraging proactive monitoring capabilities to enhance service coverage and operational stability. By combining dedicated servers with managed virtualization resources, Mazda has strengthened the reliability of its mission-critical websites and improved performance during high-traffic periods. For example, during a recent national advertising campaign on CNN, daily unique visitors increased by more than 50 percent, rising from an average of 85,000 to 130,000 visitors. "A key reason Mazda selected Rackspace was its renowned Fanatical Support and Critical Application Services," said Jim DiMarzio, CIO of MNAO. "The proactive monitoring provided by the Critical Application Services team delivers significant value to our business, allowing us to anticipate demand and scale effectively. Since migrating to Rackspace, our websites have shown improved performance, and the level of support has been exceptional." By adding Critical Application Services to its infrastructure, Mazda benefits from a team of web-scale engineers, advanced performance monitoring, and continuous optimization guidance. The service includes advanced alerting systems that help identify and often resolve potential technical issues before they impact operations. Rackspace's advanced service level agreement for Critical Application Services offers a 100 percent production platform uptime guarantee, along with enhanced service credits for organizations requiring the highest levels of reliability and performance for critical applications and websites. "We are proud to support Mazda in maintaining the performance and effectiveness of its applications and digital experiences," said John Engates, Chief Technology Officer at Rackspace. "Improved application performance directly contributes to stronger business outcomes. With Rackspace's 100 percent network uptime and Fanatical Support, Critical Application Services provides Mazda with valuable insights and performance metrics across its international web properties." Related web hosting news. Find Web Hosting News. Web Hosting News Archive

The Associated Press
Mar 18th, 2026
Rackspace and Rubrik launch UK sovereign cyber recovery cloud for public sector

Rackspace Technology and Rubrik have launched UK Sovereign Cyber Recovery Cloud, a ransomware recovery solution designed to restore UK public sector and regulated workloads within hours of an attack. The service combines Rubrik Security Cloud with Rackspace UK Sovereign Services to create a secure, isolated recovery environment. The solution maintains all hardware, data and administrative access within UK borders, operating offline until a ransomware event occurs. Key features include rapid automated recovery, reducing restoration times from weeks to hours, and alignment with National Cyber Security Centre requirements, including 24-hour breach reporting standards. The collaboration builds on Rackspace and Rubrik's 2025 partnership to deliver isolated recovery environments. The companies are sponsoring the CSO ThreatScape Manchester event on 19 March at the Hyatt Regency Manchester.

Business News Matters
Mar 10th, 2026
Rackspace and Uniphore Announce Strategic Partnership

Rackspace and Uniphore announce strategic partnership. Mar 10, 2026 San Antonio, TX, March 10, 2026 - Rackspace Technology(R)(NASDAQ: RXT), a leading hybrid multicloud and AI solutions company, today announced a strategic partnership with Uniphore, the Business AI leader backed by NVIDIA and AMD, to deliver the industry's first Infrastructure-to-Agents architecture, offered as an outcomes-based service. The partnership reflects a shared ambition to unlock $100 million in enterprise AI deployments as customers move from AI experimentation to production at scale, without sacrificing governance, security, or control. This is especially relevant for regulated industries where choice, security and sovereignty are non-negotiable requirements. Operationalizing AI in production remains a challenge due to the complexity of choices across the stack. By integrating Uniphore's Business AI Cloud with Rackspace's private cloud infrastructure, Rackspace will deliver a full-stack secure and governed AI private cloud that includes: advanced inferencing capable of running on both NVIDIA and AMD compute architectures; Data Preparation-as-a-Service; fine-tuned Small Language Models (SLMs)-as-a-Service; and industry-specific AI agents-as-a-Service. "For the first time, enterprises in regulated industries do not have to choose between moving fast on AI and maintaining the governance and control their business requires. Rackspace is taking on that accountability," said Gajen Kandiah, CEO of Rackspace Technology. "We are not just providing infrastructure, we are committing to outcomes, and that changes the nature of the relationship between a technology partner and an enterprise customer." For enterprises, the conversation has shifted from choosing between GPUs and CPUs, or open versus proprietary Large Language Models (LLMs), to driving measurable business outcomes. Through this partnership, Rackspace brings deep expertise operating private clouds and optimizing public environments, backed by forward-deployed engineers. These forward-deployed engineers, embedded directly in customer environments, are trained on the Uniphore platform and accountable for delivering measurable outcomes from day one. The architecture is designed to extend across hybrid and public cloud environments, ensuring that enterprises with mixed deployment models can access the same governed, outcomes-based AI stack without compromise. The result is an end-to-end governed operating model delivering an outcomes-based service with control, accountability and measurable results. "Business AI Cloud adoption is seeing exponential growth globally due to its sovereign and open architecture and what enterprises are telling us is that they need business outcomes. Rackspace's adoption of Uniphore's Business AI Cloud allows our customers to access all five layers of our offering spanning Inferencing, Data, Knowledge, Model, and Agents, on Rackspace's secure and governed enterprise AI private cloud. For customers looking for sovereign AI solutions, this is a game changer," said Umesh Sachdev, CEO and Co-founder of Uniphore. Rackspace has over 20,000 mid-market and enterprise customers spanning industries such as healthcare, financial services, insurance and others. Additionally, Uniphore will move select enterprise inferencing workloads to Rackspace's private cloud to deliver a Sovereign AI offering. "This Rackspace-Uniphore deal packs real punch for organizations struggling to get beyond AI pilot mode", said David Cushman, Executive Research Leader, HFS Research. "It couples Uniphore's 'get-you-going-fast' AI platform with a Forward-Deployed Engineer (FDE)-style delivery model and governed private cloud, that gets you to value fast, but with control. That's something most mid-market organizations simply don't have and will be particularly welcome in regulated industries." "While the drive to scale AI across enterprise systems is high, many organizations find their progress stalled by the dual challenges of technical complexity and regulatory compliance," said Brian Jones, Chief Information Officer of Valley Medical Center. "It is a significant milestone to see Rackspace and Uniphore join forces. This partnership can be a game changer for organizations in highly regulated sectors, providing a robust framework to scale AI and extract tangible value from complex data landscapes." For customers, this partnership will deliver: * From AI pilot to production at scale: Most enterprises are stuck running AI experiments that never make it to production. This partnership delivers a unified, governed environment spanning infrastructure all the way to agents, enabling the path from pilot to production to be measured in weeks, rather than years. * Data that is ready for AI: Most enterprises have data, but not in a form that AI can use. Uniphore's data agents accelerate modernization, so enterprise data is structured, clean, and ready to power real workflows, without a multi-year transformation program standing in the way. * Industry-specific AI that teams can easily deploy: Pre-packaged solutions built on SLMs and agentic workflows provide business teams with a faster path to automation, with governance built in from the start. * The right compute at the right cost: Enterprises no longer have to over-provision or lock into a single architecture. Rackspace optimizes CPU and GPU environments, enabling each workload to run efficiently.

Yahoo Finance
Mar 10th, 2026
Rackspace and Uniphore partner to unlock $100M in enterprise AI deployments with infrastructure-to-agents architecture

Rackspace Technology has partnered with Uniphore to deliver what they describe as the industry's first Infrastructure-to-Agents architecture, offered as an outcomes-based service. The partnership aims to unlock $100 million in enterprise AI deployments, particularly targeting regulated industries requiring security and governance. The collaboration integrates Uniphore's Business AI Cloud with Rackspace's private cloud infrastructure, delivering advanced inferencing on NVIDIA and AMD architectures, Data Preparation-as-a-Service, fine-tuned Small Language Models-as-a-Service, and industry-specific AI agents-as-a-Service. Rackspace will deploy forward-embedded engineers trained on Uniphore's platform to deliver measurable outcomes. The architecture extends across hybrid and public cloud environments, enabling enterprises to maintain governance whilst scaling AI production deployments.

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