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) announced significant developments from its ongoing partnership with Pure Storage (NYSE: PSTG). This partnership positions Rackspace as the largest global Managed Service Provider member of the Pure Partner Program. Through the collaboration, Rackspace will enhance its multicloud offerings, enabling customers to optimize IT investments and seamlessly migrate critical workloads to its infrastructure. The Pure Evergreen Storage model further supports customers in modernizing applications and managing data across hybrid-cloud environments with low latency and high performance.
Rackspace Technology (NASDAQ: RXT) has integrated the Moogsoft AIOps Platform into its Rackspace Fabric, enhancing its multicloud platform with AI and machine learning capabilities. This integration aims to improve incident response times, reduce downtime, and optimize IT operations across cloud environments including AWS, Google Cloud, and Azure. With Rackspace Fabric processing over a billion automated actions monthly, customers will benefit from a streamlined experience in managing complex cloud setups and focus more on innovation rather than troubleshooting.
Rackspace Technology has successfully migrated the Central and North West London NHS Foundation Trust's IT services to a private cloud, facilitating tenfold remote staff access during COVID-19. This transition enhances service delivery for over a third of London's population, allowing 2,000 concurrent users to utilize cloud technology. The project, completed under a tight deadline, offers cost transparency and optimization for CNWL. Looking ahead, Rackspace aims to transition CNWL further to multicloud services, potentially lowering costs and improving service accessibility.
Onica, a Rackspace Technology company (NASDAQ: RXT), has launched its new Contact Center Intelligence (CCI) solution, leveraging AWS technology to enhance customer experience in contact centers. The serverless analytics platform utilizes Amazon Comprehend and Amazon Transcribe to automate call transcription, sentiment analysis, and customer churn prediction, among other features. This innovation aims to streamline operations, allowing agents to focus on customer care while improving response efficiency. With contact center interactions soaring, Onica's solution addresses the growing demand for effective customer service.
Rackspace Technology (NASDAQ: RXT) announced a partnership with Babbly to enhance AWS infrastructure for tracking early speech development in children. This collaboration allows Babbly to focus on improving its AI-driven platform, combining machine learning with pediatric expertise. Carla Margalef Bentabol, CTO of Babbly, praised Rackspace for meeting high project standards and timelines. Babbly chose Onica, part of Rackspace, for its AWS expertise. The partnership prioritizes HIPAA compliance and aims to create a strong foundation for future development.
Rackspace Technology Global, Inc. (NASDAQ: RXT) is set to announce its second quarter 2020 financial results on August 31, 2020, after market close. CEO Kevin Jones and CFO Dustin Semach will lead a conference call at 5:00 pm ET to discuss these results. Investors can participate by calling 1-877-407-4018 domestically or 1-201-689-8471 internationally. A live webcast will also be available on the company’s website. An audio replay will be accessible shortly after the call until September 14, 2020.
Rackspace Technology (NASDAQ: RXT) has partnered with Big Ass Fans to enhance their IoT infrastructure using AWS services. This collaboration focuses on delivering efficient, secure, and cost-effective solutions. Onica, a subsidiary of Rackspace, conducted an AWS Well Architected Review, identifying improvements for operational efficiency and cost management. Big Ass Fans now benefits from a transformed IoT infrastructure, allowing for a monthly release schedule of applications and updates, enhancing stability and performance.
Rackspace Technology (NASDAQ:RXT) announced a tender offer to buy up to $600 million of its 8.625% Senior Notes due 2024, totaling approximately $1.12 billion outstanding. The offer is detailed in the Offer to Purchase dated August 12, 2020. Holders who tender their notes by August 25, 2020, are eligible for a total consideration of $1,057.50 per $1,000 principal amount, which includes an early tender payment of $30. Notes that are tendered after this date will receive a lower consideration. The offer expires on September 9, 2020.
On Aug. 11, 2020, Rackspace Technology (NASDAQ: RXT) announced its partnership with Humber College to enhance digital infrastructure amid the COVID-19 pandemic. This collaboration enables over 30,000 students to access academic resources remotely, utilizing Amazon AppStream 2.0 for streamlined application deployment. The project, completed in just 10 business days, aims to reduce costs and improve accessibility through a secure Bring Your Own Device model. Humber College's transition supports both students and staff, providing a flexible remote learning environment essential for future education.
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