Welcome to our dedicated page for Rackspace Technology news (Ticker: RXT), a resource for investors and traders seeking the latest updates and insights on Rackspace Technology stock.
Rackspace Technology, Inc. (RXT) delivers cutting-edge managed cloud and IT solutions, empowering businesses to navigate complex digital transformations. This page provides real-time access to official announcements and strategic developments from the company.
Investors and industry professionals will find curated updates on RXT's operational milestones, including cloud infrastructure innovations, strategic partnerships, and financial performance. Track announcements about AI-driven service expansions, security enhancements, and open-source initiatives that shape the company's market leadership.
Content spans earnings disclosures, technology deployments, executive insights, and customer success stories. All materials are sourced directly from RXT to ensure accuracy and timeliness.
Bookmark this page for streamlined monitoring of Rackspace Technology's evolving role in hybrid cloud ecosystem optimization and enterprise IT modernization.
Rackspace Technology (NASDAQ: RXT) has enhanced its strategic partnership with Akamai Technologies (NASDAQ: AKAM) to provide consultative services aimed at securing cloud applications and APIs. The collaboration will leverage Akamai’s Web Application and API Protector, enhancing security features such as automatic API discovery, bot mitigation, and adaptive detections. This initiative aims to support businesses of all sizes in navigating increasing cyber threats, particularly from API abuses, which have tripled in frequency according to Akamai's recent report. This service is coupled with Rackspace's Elastic Engineering for Security managed offering.
Rackspace Technology (NASDAQ: RXT) has renewed its status as a Google Cloud Managed Services Provider for Latin America, demonstrating its capability in delivering cloud solutions. This renewal follows a formal assessment validating its managed services qualifications. The designation signifies Rackspace's commitment to helping clients achieve business objectives with expert support in cloud architecture. Key clients include FIFCO in Costa Rica, leveraging Rackspace's services for critical market operations.
Rackspace Technology (NASDAQ: RXT) announced that Auto & General Southeast Asia enhanced its cloud infrastructure by deploying Rackspace Managed Services on Cloudflare. This collaboration led to a 60% improvement in site speed, optimized application performance, and strengthened security. The solution included essential features like a web application firewall, DDoS protection, and a global content delivery network. Auto & General SEA reported reduced latency and improved customer retention, alongside 24/7 support from Rackspace’s certified cloud security experts.
Rackspace Technology (NASDAQ: RXT) has announced the achievement of its 13th service delivery designation from Amazon Web Services (AWS), specifically for the Amazon QuickSight service. This designation enhances Rackspace's Data, Analytics, and Machine Learning practice, demonstrating its capacity to provide cutting-edge cloud solutions. The validation process ensures that AWS customers can trust partners like Rackspace to deliver significant insights and business intelligence solutions efficiently. This further solidifies Rackspace's position in the cloud technology space.
Rackspace Technology research reveals that educational institutions have permanently transformed their teaching methods due to the pandemic. The study indicates a surge in the use of technology, including video, AI, and data analytics. While 99.77% anticipate ongoing evolution in education, only 13% feel well-equipped to manage these changes. Notably, 31% struggled to adapt. The findings highlight a commitment to digital transformation but emphasize the need for additional support to navigate future challenges.
Rackspace Technology (NASDAQ: RXT) announced its support for BMG's migration to Google Cloud to address data scaling challenges due to increasing music streaming. BMG aims for cost optimization and plans to migrate nearly 95% of its applications, leading to significant savings. Rackspace will assist in all cloud decisions and stages, from migration to optimization. BMG's IT Vice President highlighted the rapid migration speed as a key benefit, while Rackspace's General Manager noted the necessity for scalable, secure cloud environments to meet growing data demands.
Rackspace Technology (NASDAQ: RXT) announced a Fireside Chat on 'The Digital Transformation Revolution' featuring Jeff DeVerter, Chief Technology Evangelist, at the Apex National CIO, CTO, AI, ML Digital Transformation Virtual Summit on March 15, 2022. This event will convene over 60 CIOs and CTOs from F500 and Global 2000 companies to discuss the challenges and opportunities of digital transformation on organizational processes and culture. Rackspace Technology aims to guide its clients in modernizing their cloud solutions and adopting innovative technologies.
Rackspace Technology (NASDAQ: RXT) has announced a revitalized Technical Career Track (TCT) program aimed at fostering technical leadership within the company. This program uniquely provides a pathway for technical team members to advance to senior roles without transitioning to people management. It targets the retention and growth of top technical talent, offering four ranks equivalent to executive-level positions. TCT members are involved in strategic decision-making and compensation aligns with senior management. The initiative has already expedited product development, notably with the VMware Cloud Services.
Rackspace Technology (NASDAQ: RXT) announced a partnership with Delta Thermal to enhance power grid reliability and prevent outages. The collaboration aims to provide utilities and industrial clients with advanced monitoring solutions, potentially saving millions and generating a 20x ROI.
The ThermalSafe software, which monitors equipment temperatures, aids energy providers in anticipating failures. The project was executed within a tight four-week timeline, showcasing rapid innovation and flexibility in addressing customer needs.
Rackspace Technology has achieved Snowflake's Premier Partnership Level, positioning itself among the top 30 partners in Snowflake's ecosystem. This partnership aims to enhance data management solutions, providing clients with expertise in migrating to the Snowflake Data Cloud. Through this collaboration, Rackspace is expected to simplify data analysis for customers like Innovyze, improving operational efficiency and innovation in the water industry. This development signifies an important growth opportunity in data services for Rackspace and its partners.
FAQ
What is the current stock price of Rackspace Technology (RXT)?
What is the market cap of Rackspace Technology (RXT)?
