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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.
Industries
Data & Analytics
Consulting
Enterprise Software
Cybersecurity
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Antonio, Texas
Founded
1998
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Total Funding
$1.2B
Above
Industry Average
Funded Over
5 Rounds
Remote Work Options
Hybrid Work Options
Company Equity
Employee Stock Purchase Plan
Rackspace Technology joined Nvidia's Cloud Partner Program, pairing Nvidia's Blackwell chips with Palantir's Foundry and AIP software in a new offering called the Institutional Sovereign Pod. Shares rose more than 6% in premarket trading. The Nvidia Cloud Partner Program requires members to run Nvidia-certified infrastructure across compute, networking and storage, benchmarked against standards used by larger cloud operators. This certification provides enterprise buyers with verified performance standards. Rackspace positions itself as an accountable operator running the full stack from hardware through production, rather than just leasing capacity. CEO Gajen Kandiah said the effort focuses on control of data, models and generating systems. The same day, Nvidia and Palantir unveiled a Sovereign AI Operating System for supply chain management, naming Rackspace alongside Nebius as approved cloud partners for deployment.
Why is Rackspace Technology stock surging today? Published Sep 10, 2026, 07:34 AM (C) Reuters. Investing.com - Rackspace Technology stock surged 12.4% in pre-open trading today after the company announced it has joined the NVIDIA Cloud Partner Program, a strategic move that will allow it to deliver NVIDIA Blackwell-powered accelerated computing to regulated enterprises and government customers. As part of the announcement, Rackspace introduced its Institutional Sovereign Pod, an AI infrastructure architecture that integrates NVIDIA's latest Blackwell GPU platform with Palantir's Foundry and AIP software within a governed private cloud environment. The partnership represents a meaningful strategic repositioning for Rackspace, which has been trading well off its 52-week high of $8.60 and as recently as earlier this year touched a 52-week low of $0.393. Combining two high-profile technology brands - NVIDIA and Palantir - under a sovereign AI infrastructure offering gives the company a differentiated product aimed at clients in heavily regulated sectors such as defense, finance, and government, where data sovereignty requirements limit the use of public cloud alternatives. An insider "sell to cover" transaction by the company's CHRO earlier this week, executed purely for tax withholding purposes under a pre-established trading plan, carries no negative signal for the stock. The broader market provided little assistance to today's move, with the NASDAQ composite slightly lower and the S&P 500 essentially flat, confirming that the rally is entirely driven by Rackspace-specific news rather than sector-wide or macro tailwinds. Taken together, the NVIDIA Cloud Partner Program membership and the launch of the Institutional Sovereign Pod gave investors a concrete, forward-looking growth narrative, triggering a sharp pre-market rerating of the stock toward $3.641 - a level that still leaves meaningful room relative to its 52-week high. -4.58 (-2.05%) Real-time Data · 11:58:39 · USD Should you invest $2,000 in NVDA right now? ProPicks AI evaluates NVDA alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias - it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if NVDA is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?
Rackspace Technology has joined NVIDIA's Cloud Partner Program and announced plans to launch NVIDIA Blackwell-powered AI infrastructure targeting regulated enterprises and governments. The company will offer an Institutional Sovereign Pod, combining NVIDIA Blackwell architecture with Palantir Foundry and AIP in a managed environment. The infrastructure aims to give organisations control over their data, models and AI environments whilst maintaining performance for production workloads. Rackspace will provide forward-deployed engineering and managed operations. As an NVIDIA Cloud Partner, Rackspace will support NVIDIA technologies across enterprise AI infrastructure layers, with competencies in compute, networking, visualisation and NVIDIA Enterprise Software. The partnership strengthens Rackspace's position as what CEO Gajen Kandiah calls a "governed operator" for production AI systems. The solution targets organisations requiring data residency, governance, security and compliance controls whilst deploying AI at scale.
Rackspace Technology cookie notice. Application monitoring for a smoother period close in financial services. 2 September, 2026 by Manoj Mishra, Senior Manager, Rackspace Technology One of the key ways Rackspace Cloud support its financial services customers is by helping keep the month-end close process running smoothly. Issues within complex application environments can sometimes slow the close process without being readily apparent to the business. To help identify these issues earlier, Rackspace has developed application monitoring scripts and put a monitoring process in place. The process helps surface potential problems so its applications support team can begin addressing them proactively, before they affect the close. How application monitoring works. Rackspace application monitoring scripts can be scheduled to run nightly as cron jobs in a customer's production environment. They monitor standard Oracle transactional interfaces and workflows to identify potential issues and generate a report that is emailed to a predefined distribution group for review. The applications support team reviews these reports nightly and can begin working proactively when issues are identified. The scripts are non-invasive and can help customers: * Resolve problems proactively * Support a smoother, more timely period-close process * Reduce spikes in support tickets during period close * Reduce the number of critical issues that emerge during period close * Create a better experience for business users See application monitoring in action. The following example shows how Rackspace used application monitoring together with functional support to help a customer improve its period-close process. Client: Manufacturing company Challenge: Uncosted transactions were preventing the customer from closing inventory periods, but the issue was not readily visible during day-to-day operations. As a result, the customer was unable to close its fiscal period for months and had as many as six to eight inventory periods open at a time. Solution: Rackspace helped the customer address the backlog of open inventory periods while application monitoring identified uncosted transactions nightly, giving the applications support team visibility into issues that could affect period close. Value: The customer went from having up to eight inventory periods open at a time to closing each period on time, ultimately reducing the period-close cycle to just a few day See what application monitoring surfaces. Here's a sample of an application monitoring report. Findings are organized into three main categories: Resolution Required, Workflow Issues and Resolution Recommended. Taking action on its findings. The information in the report helps its applications support team identify and resolve existing issues. Over time, the application monitoring process also helps Rackspace build a repository of solutions that can be applied for the same customer and across its Application Services customers. Rackspace Cloud also review the resolution process with the customer to identify potential patching requirements, process changes and other opportunities to improve how their environment operates. Extend monitoring to your environment. Along with standard application monitoring, Rackspace works with customers to identify opportunities for custom monitoring that can support their specific production environments. The following example shows how that can work in a 24x7x365 manufacturing environment. Client: Manufacturing company Challenge: The customer operates 24x7x365, making it critical for its ASCP plan to run and complete on time. When the plan does not complete as expected, work is not released on time and production can be affected. Solution: Rackspace worked with the customer to create a monitoring script and standard operating procedure (SOP). The script checks for errors in the program and confirms that it is running as expected. When an issue is identified, an email notification is sent to the Rackspace support team and a critical ticket is automatically created in the ticketing system. The ticket references a knowledge base article containing the SOP for troubleshooting and resolving the issue. Value: Less downtime caused by errors and more efficient issue tracking. Use monitoring to improve over time. Application monitoring can help organizations address issues proactively, reduce spikes in issues during period close and support a smoother, more timely close. It can also help identify breakdowns in business processes and inform potential process improvements across different functional areas.
VMware Explore 2026: Rackspace Technology launches Rackspace Cloud, among the first fully managed multitenant cloud platforms built on VMware Cloud Foundation 9.1. New platform gives enterprises elastic VMware capacity ready for virtual machines, Kubernetes, and production AI workloads, with the governance and control regulated industries require. Rackspace Technology, an enterprise AI infrastructure and solutions provider, announced the launch of Rackspace Cloud, a fully managed, multitenant cloud platform powered by Broadcom's VMware Cloud Foundation 9.1 (VCF 9.1), initially available in Dallas, followed soon by North Virginia and Chicago areas.Rackspace is among the first providers to bring a fully managed multitenant platform to market on VCF 9.1, and one of a limited set of Broadcom Advantage Partners able to deliver VCF-based managed cloud services. Rackspace Cloud gives enterprises a new way to use modern cloud capabilities, such as Kubernetes and containerized applications, while maintaining the VMware environment and control they require. The launch arrives as enterprise demand shifts decisively toward governed private infrastructure. Broadcom's Private Cloud Outlook 2026 research found that 56 percent of organizations are running or planning to run production AI inferencing in a private cloud, while public cloud use for production inference declined 15 percent year over year from 56 percent to 41 percent. "For years organizations operating private clouds have had to choose between agility or control," said Bryan Litchford, head, product, engineering, and data centers, Rackspace. "Rackspace Cloud removes that tradeoff. The same governed platform that powers an enterprise's VMware environment today provides the flexibility to support Kubernetes and AI inference workloads as business needs evolve, all while maintaining consistent governance and control. With capacity staged in advance, automated lifecycle management, and enterprise-grade VMware capabilities delivered through a fully managed service, customers scale in hours, not procurement cycles." "Rackspace Cloud powered by VMware Cloud Foundation gives customers a managed path to cloud agility, combining Rackspace's operational expertise with Broadcom's leading private cloud platform," said Ricky Cooper, VP, global cloud service providers, OEM and eOEM, Broadcom. "Together, we are helping enterprises scale their modern private clouds cost-effectively, operate securely, and innovate rapidly." As enterprises evaluate modernization strategies and seek alternatives to increasingly complex environments, Rackspace Cloud simplifies VMware operations, speeds deployments, and reduces the burden of buying hardware and maintaining data center infrastructure, without requiring customers to manage the underlying systems or buy additional capacity. Key capabilities include elastic consumption on pre-staged infrastructure, integrated support for virtual machines and Kubernetes workloads on a single platform, and enterprise grade isolation, security, and governance controls. The platform is delivered with transparent lifecycle management, multiple performance tiers, and 24x7x365 managed operations. Rackspace will showcase Rackspace Cloud at VMware Explore 2026 in Las Vegas, August 31 through September 3, where Rackspace is a Diamond Sponsor exhibiting at booth #104, and will be presenting in the session, "VCF State of the Union: Optimizing Costs and Closing Security Gaps in the AI Era [CLOB1276LV]." Read also: Collaboration establishes a new category of governed enterprise AI infrastructure purpose-built for regulated and sovereign environments Enterprises empowered to detect threats early and recover in significantly faster timelines, in a fully sovereign environment
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Industries
Data & Analytics
Consulting
Enterprise Software
Cybersecurity
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Antonio, Texas
Founded
1998
Find jobs on Simplify and start your career today