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.

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Categories: General
Companies: Rackspace
Countries: World
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