Rackspace Technology, Inc. Stock Price, News & Analysis

Rackspace Technology (NASDAQ: RXT) announced its achievement of the Amazon Web Services (AWS) Cloud Operations Competency in Cloud Governance and Cloud Financial Management. This recognition highlights Rackspace's ability to assist clients in building efficient, secure, and scalable cloud operations. As part of the AWS Partner Network, Rackspace provides validated solutions across five key areas: Cloud Financial Management, Governance, Monitoring, Compliance, and Operations Management. The competency allows customers to identify AWS Partners with proven expertise. Notably, Rackspace partnered with JobTarget to create a scalable AWS infrastructure, leading to JobTarget's business growing 100% in 2021 and doubling in 2022. This partnership emphasizes Rackspace's commitment to helping clients optimize their cloud investments and accelerate innovation.

Rackspace Technology (NASDAQ: RXT) announced a successful collaboration with the CNWL NHS Foundation Trust to enhance healthcare service delivery through advanced multicloud technology solutions. The partnership led to a 15% to 18% reduction in costs and improved patient data security. With over 300 services and 8,500 staff, CNWL transitioned from legacy systems to a modern multicloud environment, optimizing operations and response times. Innovations include a digital auditing app and QR codes for medication instructions. This digital transformation underscores the NHS's commitment to cloud integration, promising greater agility in meeting healthcare demands.

Rackspace Technology (NASDAQ: RXT) has formed a multi-year enterprise agreement with Braze to bolster growth and innovation for Braze's customer engagement platform. This agreement aims to enhance cost predictability and economies of scale for Braze while providing Rackspace with the capacity for long-term investments.

Braze has utilized Rackspace's ObjectRocket to manage MongoDB databases, ensuring high availability and disaster recovery. This partnership reflects a deep collaboration, demonstrating Rackspace's commitment to addressing Braze's business needs.

Rackspace Technology (NASDAQ: RXT) has partnered with inPhronesis to enhance its email infrastructure and knowledge management portal using Microsoft 365. This integration is crucial for the biomedical software firm, which serves over 3,500 professionals in the pharmaceutical sector. The partnership aims to streamline operations while ensuring SOC 2 compliance, enhancing data security, and optimizing endpoint management through Microsoft Intune. InPhronesis's software, inVision, plays a pivotal role in delivering real-time insights into the biomedical industry. This collaboration positions inPhronesis to better serve its clients and attract new business opportunities.

Rackspace Technology (NASDAQ: RXT) announced that Srini Koushik, Executive VP and CTO, has been inducted into the CIO Hall of Fame and received the Global Ohio CIO ORBIE Award for companies with over $1 billion in revenue. The ORBIE Awards recognize excellence in technology leadership, with Koushik honored for his contributions to IT. The awards were presented at the Ohio ORBIE Awards on March 17. This recognition highlights Rackspace's commitment to innovation and strong leadership in the technology sector. The CIO Hall of Fame serves to inspire future leaders in the field of digital transformation.

Rackspace Technology (NASDAQ: RXT) has successfully completed a cloud migration for Switchfly, enhancing its travel e-commerce services. The migration to Amazon Web Services (AWS) improved booking retrieval times from 20 seconds to just 5 seconds, boosting operational efficiency for Switchfly, which processes approximately $3 billion in bookings annually. The project involved migrating 20 clients and 700 servers, optimizing application performance while reducing costs through Rackspace Optimizer+. This collaboration exemplifies Rackspace's commitment to providing robust cloud solutions for the travel industry.

Rackspace Technology (NASDAQ: RXT) announced it has achieved the AWS Service Delivery designation for Amazon Elastic Kubernetes Service (EKS), showcasing its technical proficiency in delivering AWS services. This recognition distinguishes Rackspace as an AWS Partner Network member, affirming its successful deployment of EKS solutions. D K Sinha, President of Public Cloud, emphasized the team's commitment to helping companies reach technology goals using AWS's innovative offerings. The AWS Service Delivery Program aids customers in identifying partners with deep expertise in specific AWS services. Furthermore, Rackspace's Onica service offers a Container Accelerator to facilitate quick, secure containerization.