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 launched Rackspace DataOps, building on its Rackspace Elastic Engineering model to enhance data delivery for businesses. This service aims to accelerate trusted, high-quality data access for business leaders and data scientists through agile methods. A recent survey indicates that 83% of companies are investing in DataOps, highlighting its importance in optimizing workflows and enabling innovation. The service offers a dedicated pod of data specialists, flexible pricing, and ongoing innovation to support businesses in their data-centric initiatives.
Rackspace Technology (NASDAQ: RXT) partnered with MDC Partners to consolidate data expenditures under a single contract, enhancing operational efficiency and leveraging buying power. This collaboration transitioned MDC's decentralized AWS environment into a cohesive solution in under nine months, significantly reducing administrative burdens. Key figures include the reduction of multiple agency billing and increased visibility into overall spending. The strategic use of AWS Optimizer+, CloudHealth, and Managed Public Cloud facilitated a swift digital transformation for MDC's global operations.
Rackspace Technology (NASDAQ: RXT) announced a collaboration with Pure Storage to enhance its storage-as-a-service (STaaS) using Google Anthos. This partnership focuses on providing companies with on-premises performance in a cloud-like environment, benefiting over 8,000 Pure Storage customers across various sectors, including finance and healthcare. The teams achieved a high-performing reference architecture in just 45 days, significantly faster than expected. This effort aims to streamline data management and integration for Fortune 500 companies, enhancing their operational efficiency.
Rackspace Technology (NASDAQ: RXT) has partnered with Innovyze to enhance its software offerings through IoT and cloud-native solutions. This collaboration enables Innovyze to introduce Info360.com, a SaaS platform that allows water utilities to leverage real-time data and Dynamic Digital Twins for improved operational efficiency. The platform is built on AWS and offers scalability, security, and reduced IT overhead. By integrating advanced technologies, Innovyze can provide accurate models while lowering barriers for utilities to access cutting-edge tools.
Rackspace Technology (NASDAQ: RXT) announced its participation in several upcoming investor conferences. Key events include:
- J.P. Morgan Global Technology Conference on May 26, 2021, featuring a fireside chat at 3:40 PM ET with CFO Amar Maletira.
- Cowen Technology Conference on June 2, 2021, with a presentation at 3:10 PM ET by Amar Maletira.
- Evercore ISI TMT Conference on June 8, 2021, with a fireside chat at 3:30 PM ET involving CEO Kevin Jones and CFO Amar Maletira.
Live webcasts for each event will be available through provided links.
Rackspace Technology has successfully migrated Brooks Macdonald Group to a new managed private cloud architecture, enhancing IT efficiency following a decade of growth. This transition involved managing Microsoft Office 365 licensing and adopting Rackspace Managed Security Services to bolster security and compliance. The new setup reduces the number of technology partners while offering advanced threat detection and response. Brooks Macdonald, with £15.6 billion in discretionary funds under management as of March 31, 2021, aims to explore additional services, including public cloud integration.
Rackspace Technology (NASDAQ: RXT) has partnered with FINCAD to migrate its legacy application to Amazon Web Services (AWS). This collaboration aims to enhance application performance and streamline management through increased automation. By leveraging Rackspace's support, FINCAD will modernize its infrastructure, improve productivity, and reduce operational costs. The migration will also empower FINCAD to further transition additional elements to the cloud, optimizing their technology stack and ensuring effective security and compliance practices.
Rackspace Technology (RXT) has been awarded the title of AWS Migration Partner of the Year for Canada by Amazon Web Services. This recognition highlights Rackspace's expertise in aiding customers with their digital transformations and cloud migrations. The company, through its dedicated AWS business Onica, holds 15 AWS competencies and has achieved over 2,700 certifications. This accolade follows Rackspace's previous recognition in the UK and Ireland as APN Migration Partner of the Year in November 2020.
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