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Rackspace Technology provides cloud computing services with a focus on multicloud solutions for businesses of all sizes. Their services help companies manage and optimize their cloud environments, including support for applications, data management, and security needs. One of their key offerings is Rackspace Elastic Engineering, which delivers on-demand engineering and support, particularly beneficial for businesses using VMware, allowing them to scale and streamline their IT operations. Unlike many competitors, Rackspace Technology operates on a managed services model, handling the technical aspects of cloud management so clients can concentrate on their core activities. They generate revenue through subscription services, consulting fees, and specialized programs like the Referral Program and the Private Equity Partners Program. Their goal is to assist businesses in transforming their IT infrastructure through effective cloud technology while ensuring data security and compliance.
Company Stage
IPO
Employees
5,001-10,000
Industries
Data & Analytics, Consulting, Enterprise Software
Total Funding
$541.8M
Headquarters
N/A
Founded
1998
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