0
General

Rackspace to invest up to USD 70 mln into cloud services, elastic engineering

Thursday 22 July 2021 | 21:50 CET | News
Rackspace Technology  said it will be putting USD 65-70 million into aligning the company with its new strategy: developing cloud services and other growth initiatives. The money will be funding from an estimated USD 95-100 million in gross cost savings as a result of enhanced automation and the company's restructuring programmes to move away from mature and declining areas of the market.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Rackspace
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Rackspace Technology provides products to iPensions

Published 07 Jul 2021 10:49 CET | United Kingdom
Rackspace Technology announced that it's providing backbone private cloud infrastructure and security products to iPensions, a ...

Rackspace Technology upgrades STaaS with Google Anthos platform

Published 07 Jun 2021 17:23 CET | World
Rackspace Technology said it works with Pure Storage to amplify the performance of its storage-as-a-service (STaaS) with Google ...

Rackspace Technology launches Rackspace Elastic Engineering

Published 20 Apr 2021 14:43 CET | World
Rackspace Technology said it has released Rackspace Elastic Engineering, its new service model designed to help customers build ...

Rackspace launches new service model for cloud managed services

Published 15 Apr 2021 15:16 CET | World
Rackspace Technology, global provider of end-to-end multi-cloud services, has launched a new service model called Rackspace ...

Rackspace Technology, Sentrics enhance senior digital experience with AI, machine learning

Published 08 Mar 2021 16:52 CET | World
Sentrics provides data-driven products that deliver a complete view of residents in assisted living care facilities. To provide ...

Rackspace migrates BHF online gift shop to VMware

Published 15 Dec 2020 15:15 CET | United Kingdom
Cloud technology services provider Rackspace Technology has extended its contract with the British Heart Foundation (BHF) to ...

Rackspace expands AWS offerings to Australian customers

Published 25 Nov 2020 09:26 CET | Australia
Rackspace Technology has announced it is extending AWS capabilities and application modernization, machine learning, Internet of ...

Rackspace delivers multi-cloud services to Plus500

Published 12 Nov 2020 12:07 CET | World
UK-based international financial services company Plus500 is using multi-cloud services from Rackspace Technology to securely ...

Rackspace Technology, AutoPets launch IoT platform

Published 06 Nov 2020 11:15 CET | World
Rackspace Technology has announced the results of its IoT-centered cloud infrastructure and cloud native application development ...

Rackspace starts new IoT professional services

Published 29 Oct 2020 10:55 CET | World
Rackspace Technology said it released new Internet of Things (IoT) professional services functionalities aimed at helping ...

Rackspace names Maletira as CFO, reaffirms financial guidance for 2020

Published 22 Oct 2020 13:26 CET | World
Rackspace Technology appointed Amar Maletira as president and CFO, effective 23 November. He replaces Dustin Semach who resigned ...

Rackspace Technology, Google Cloud deliver retail sales, marketing efficiency for Eagle Eye

Published 31 Aug 2020 10:03 CET | World
Rackspace Technology expanded its support and services for Eagle Eye, by migrating the retail SaaS technology firm's digital ...

Rackspace develops sharper covid-19 forecasting models with AWS, University of California, others

Published 28 Aug 2020 14:06 CET | United States
Rackspace Technology said it has partnered with the University of California at Irvine, Scientific Systems Company, and Plan4Co ...

Rackspace migrates London NHS Trust's IT services to the cloud

Published 21 Aug 2020 11:22 CET | United Kingdom
US-based cloud services provider Rackspace Technology has migrated IT services at the Central & North West London NHS Foundation ...

Amazon in talks for minority stake in Rackspace - report

Published 18 Aug 2020 11:52 CET | World
Amazon is in talks to buy a minority stake in Rackspace Technology, a US provider of cloud services that recently listed on the ...

Rackspace prices IPO at low end of range, raises USD 704 million

Published 05 Aug 2020 08:34 CET | World
Rackspace Technology has priced its IPO at USD 21 per share, the low end of the indicated subscription range. This puts the gross ...

Rackspace kicks off IPO, to raise up to USD 925 mln

Published 27 Jul 2020 15:08 CET | World
Rackspace Technology has kicked off its initial public offering on the Nasdaq market, with plans to raise up to USD 925 million. ...

Microshare enters alliance with Rackspace Technology for IoT products

Published 17 Jul 2020 14:46 CET | World
Microshare entered into a global strategic alliance with the multicloud products expert Rackspace Technology. Under this ...

Rackspace starts preparation for new IPO

Published 13 Jul 2020 08:42 CET | World
Rackspace was a public company until it was bought by Apollo Global Management in a deal worth USD 4.3 billion. The company ...

Rackspace Technology expands strategic relationship with AWS

Published 09 Jul 2020 11:10 CET | World
Rackspace Technology entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) enabling customers to ...





Calendar   /   Industry Events

25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul AudioCodes Q2 2021
27 Jul SK Hynix Q2
27 Jul A10 Networks Q2
27 Jul Corning Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Telefonica Deutschland Q2 2021
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Extreme Networks fiscal Q4
29 Jul Telenet Q2 2021
29 Jul BT fiscal Q1
::: More Calendar Items