Apollo Global owns Presidio. The private equity firm is now buying Rackspace (NYSE: RAX). But the managed & cloud IT service providers will remain separate.
Apollo Group has acquired Rackspace (NYSE: RAX) for $4.3 billion, effectively taking one of the world's largest managed cloud service providers private.
Whether you call it desktops as a service (Daas) or workspace as a service (WaaS), Amazon WorkSpaces now has an hourly pricing option. Will rivals respond?