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RACKSPACE TECHNOLOGY, INC.

(RXT)
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Rackspace Technology : increases Customer Speed, Quality and Efficiency with Container Enablement

10/19/2021 | 11:05am EST

SAN ANTONIO, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), the leading end-to-end multicloud solutions company, today announced the launch of Rackspace Container Enablement. The new service offering, developed to address the most common challenges for organizations leveraging Kubernetes containerization platforms, provides flexible, on-demand multi-cloud expertise, without a long-term commitment, including IaC management, CI/CD, DevOps transformation and more, in a highly adjustable collaboration model.

Developing and maintaining a cloud-native platform can be complex, often requiring large, dedicated teams. Application transformation presents additional challenges, including operational shifts to code management, QA and testing process flows, and application operational release management that sustain business growth. A successful containerization strategy can enable greater speed of innovation, improve developer productivity, and provide application scalability, availability, and portability. According to Rackspace Technology and Google Cloud’s recent survey, Future of Compute, 62% of respondents say containerized applications will increase in the next two years.

“As an increasing number of organizations have turned to containerized platforms to address their needs, they have found value in the Rackspace Elastic Engineering model which provides them dedicated Kubernetes expertise on the fly when they need it,” said Eric Miller, CTO, Rackspace Technology. “The Rackspace Elastic Engineering model paired with our Managed Platform for Kubernetes helps customers to quickly navigate pain points of application modernization and it dramatically accelerates their adoption of containerization within their business.”

Rackspace Container Enablement includes the following:

  • Managed Platform for Kubernetes – Offering unparalleled strategic flexibility to run Kubernetes on private clouds anywhere in the world; Rackspace Technology can help organizations meet data sovereignty requirements, connect applications internally and externally, leverage high-performance analytics, address low latency requirements, and overcome data gravity issues.
  • Better Economics – Working with Rackspace Technology, as opposed to building and operating their own container orchestration platforms, companies can benefit from substantial savings. Moreover, Rackspace Container Enablement provides on-demand access to subject matter experts in all areas of container enablement, reducing technical debt and accelerating economic benefits.
  • Proven Operational Experience at ScaleRackspace Technology brings over two billion server hours of experience managing infrastructure at scale.

Rackspace Container Enablement is available on all Rackspace Technology platforms, as well as across hyperscalers, including AWS, Microsoft Azure, Google Cloud and Oracle Cloud Infrastructure.

Rackspace Technology
Rackspace Technology is the leading end-to-end multicloud solution services company. Rackspace can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Contact:
Natalie Silva
Rackspace Technology Corporate Communications
publicrelations@rackspace.com 


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Source: Rackspace Technology, Inc.

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 3 004 M - -
Net income 2021 -169 M - -
Net Debt 2021 3 142 M - -
P/E ratio 2021 -16,8x
Yield 2021 -
Capitalization 2 873 M 2 873 M -
EV / Sales 2021 2,00x
EV / Sales 2022 1,76x
Nbr of Employees 7 200
Free-Float 97,8%
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Kevin M. Jones Chief Executive Officer & Director
Amar Mandanna Maletira President & Chief Financial Officer
David Benjamin Sambur Chairman
Tolga Tarhan Chief Technology Officer
Holly B. Windham Secretary, EVP, Chief Legal & People Officer
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