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RACKSPACE TECHNOLOGY, INC.

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Rackspace Technology : Launches Rackspace Services for VMware Cloud, a Groundbreaking Multi-tenant Solution on VMware

05/05/2021 | 09:39am EDT
Rackspace Technology Launches Rackspace Services for VMware Cloud, a Groundbreaking Multi-tenant Solution on VMware

May 5, 2021

Rackspace Technology Launches Rackspace Services for VMware Cloud, a Groundbreaking Multi-tenant Solution on VMware

New multi-tenant solution adds unique value to VMware's Cloud Director technology to deliver a best-in-class VMware environment.

SAN ANTONIO - May XX, 2021 -Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the launch of its next-generation VMware-based cloud offering, Rackspace Services for VMware Cloud™. The new offering will be available in Rackspace Technology data centers as a multi-tenant solution and will provide customers with many of the benefits of public cloud, but in a VMware environment, enabling the move of VMware workloads to an agile and scalable cloud model.

Rackspace Services for VMware Cloud has been engineered from the ground up leveraging VMware Cloud Director (vCD) on the Dell Technologies Cloud Platform and provides customers with a new level of self-service and automation to control their environment as they need, to rapidly provision and scale resources based on demand, and a choice of flexible consumption models. Additionally, features that open up unique capabilities include BYO network devices, the ability to blend custom dedicated and more cloudy multi-tenant VMware environments and Infrastructure-as-Code/CICD for infrastructure outside the cloud.

'This isn't just another hosted VMware product. We worked closely with VMware to push the art of what is possible and introduce some new outcomes for our customers that no other MSP or a hyperscaler's VMware environment can offer,' said Eric Miller, Vice President of Private Cloud. The differentiation and value being added to the VMware platform make Rackspace the best place in the industry to run VMware.'

Rackspace Services for VMware Cloud shifts the economics for how organizations consume resources when they need and as they use them across infrastructure as well as support and services. The new offerings unbundles the cost of support from the cost of infrastructure through an 'al la carte' structure. Rackspace will also be offering Elastic Engineering for Rackspace Services for VMware Cloud giving customers the ultimate fanatical experience for support.

'VMware customers are looking for the best options to move their VMware workloads to the cloud but are facing the daunting task of how to make the move without worrying about vendor lock-in,' said XXX Senior Exec at VMware. 'It's exciting to see Rackspace Technology not only delivering table stake attributes but adding incremental innovation and service capabilities to VMware platforms.' (PENDING VMWARE APPROVAL)

According to Forrester's 2020 Data Global Business Technographics Infrastructure Survey, 80% of North American enterprises describe their cloud strategy as hybrid, most defining hybrid as some form of multicloud, while 70% of North American enterprise public cloud users also use multi-tenant, often for scenarios that require the highest levels of security, control, and performance.

'Customers are asking for new ways to accelerate their transformation journey, and together, Rackspace Technology and Dell Technologies deliver,' said Denise Millard, Senior Vice President, Global Alliances, Dell Technologies 'Our partnership with Rackspace Technology provides customers with robust multicloud and cloud adjacent offerings powered by industry-leading Dell Technologies solutions.' (PENDING DELL APPROVAL)

Rackspace Services for VMware Cloud features include:

· Flexible, multi-tenant infrastructure: Access multi-tenanted (shared) environments that give customers the ability to further customize configurations and mix and match models to fit workload requirements.

· Newly added consumption-based pricing: Offers a choice of consumption models to meet different application and business needs. Customers can consume resources on-demand hourly or take advantage of longer-term commits and reserved models for deeper discounts.

· Rapid, real-time provisioning: The ability to launch new VMs in minutes, without the need for intervention.

· Self-service: The freedom to gain greater visibility into environment usage and manage and scale resources and add-on services as needed from a single portal.

· Automation: Highly automated for everything from tenant onboarding to capacity expansion, customers can seamlessly optimize their operations.

Rackspace Technology offers the industry's broadest portfolio of managed VMware and hybrid cloud solutions, delivering, managing, and optimizing dedicated and multi-tenant solutions in numerous environments. Forrester has recognized Rackspace Technology as a leader in the space, adding that, 'Rackspace Technology brings 'fanatical support' to the hosted multi-tenant market.'

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology services company. We 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.

Disclaimer

Rackspace Technology Inc. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 13:38:01 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 3 030 M - -
Net income 2021 -123 M - -
Net Debt 2021 3 115 M - -
P/E ratio 2021 -31,7x
Yield 2021 -
Capitalization 4 048 M 4 048 M -
EV / Sales 2021 2,36x
EV / Sales 2022 2,06x
Nbr of Employees 7 200
Free-Float 99,0%
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Last Close Price 19,49 $
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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
Subroto Mukerji Chief Operating Officer & Executive Vice President
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