Judge Throws Out Ransomware Class-Action Suit Against Rackspace
A federal judge in San Antonio has tossed a proposed class-action lawsuit against Rackspace Technology over a ransomware attack.
Rackspace Technology to Lay Off 4% of Employees
Rackspace is the latest tech firm to announce layoffs, saying it would cut approximately 4% of its global workforce.
Rackspace Valuation Falls Below $1 Billion Amid MSP Ransomware Attack
Rackspace Technology’s turbulent year continues amid ransomware attack, CEO change, reorganization & failure to find buyer for the underperforming MSP business.
Rackspace Changes CEOs Amid Multi-Cloud MSP Struggles
Rackspace, owned by private equity firm Apollo Global Management, promotes Amar Maletira to CEO after public & private cloud MSP reorganization.
Rackspace: No Serious Buyers for Multi-Cloud MSP’s Business Units?
Public & private cloud MSP Rackspace received inbound inquiries about the managed hosting company’s business assets, but it sounds like Rackspace assets are no longer for sale.
Rackspace Confirms Reorg; Hires Cognizant Veteran As Public Cloud Leader
Rackspace hires Cognizant veteran D K Sinha as president of Public Cloud Business Unit. What will become of Private Cloud Business unit?
Rackspace, Akamai Partner for SMB and Enterprise Cloud Security
Rackspace hasn’t said much about managed multi-cloud security services during the MSP’s recent earnings call. Will Akamai partnership change that?
Multi-Cloud MSP Rackspace Seeks to Lift Sagging Stock
Rackspace ($RXT) stock buyback plan reinforces challenges & opportunities in the AWS, Azure & Google multi-cloud managed services market.
Rackspace Financial Forecast Reveals Multi-Cloud MSP Challenges
Rackspace, a bellwether stock ($RXT) for multi-cloud MSP services, may face slowing growth before the business re-accelerates in 2H of 2022, CFO indicates.
Rackspace Acquires Microsoft Azure Partner Just Analytics
Rackspace Technology, armed with Just Analytics acquisition, gains Microsoft Azure Data Analytics & artificial intelligence (AI) cloud consulting expertise in the Asia Pacific & Japan (APJ) region.