Rackspace Technology, Inc. reports developments tied to its hybrid cloud, multicloud, and enterprise AI solutions business. Company updates commonly cover Private Cloud and Public Cloud performance, managed services, professional services, security and compliance offerings, and customer cloud environments across major platforms including AWS, Microsoft Azure, and Google Cloud.
Rackspace news also includes partnerships and product initiatives for governed enterprise AI infrastructure, sovereign cloud services, cyber recovery, data migration, and managed operations for regulated or mission-critical workloads. Recurring corporate updates include quarterly results, earnings-call schedules, leadership appointments, and changes within the company's cloud business units.
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.
Rackspace Technology (NASDAQ: RXT) has announced an extended Strategic Collaboration Agreement with Amazon Web Services (AWS), marking a significant multi-year investment aimed at enhancing customer value and innovation. This agreement follows a remarkable 250% growth in Rackspace's AWS business over the past three years and being named the 2021 AWS Migration Partner of the Year. The collaboration will focus on accelerating applications and data modernization, expanding Rackspace's Modernization Center of Excellence, and enhancing cloud service offerings through dedicated teams.