Is Rackspace going out of business?
Is Rackspace going out of business? Rackspace has decided to remain independent and not to sell off the company in part or whole after an evaluation of its business. In May of this year the San Antonio, Texas-based firm said it was “evaluating strategic alternatives” for the business just two years after going public for a second time.
Rackspace has decided to remain independent and not to sell off the company in part or whole after an evaluation of its business. In May of this year the San Antonio, Texas-based firm said it was “evaluating strategic alternatives” for the business just two years after going public for a second time.
Is Rackspace a Fortune 500?
Went private, Nov.
Company Info.
| CEO | William T. Rhodes |
|---|---|
| Website | http://www.rackspace.com |
| Years on Fortune 500 List | – |
| Employees | 6,189 |
Who competes with Rackspace?
Competitors and Alternatives to Rackspace Technology
- Google.
- Amazon Web Services (AWS)
- Microsoft.
- Virtustream.
Who will acquire Rackspace?
Rackspace has ended weeks of speculation about its future as a publicly traded company by confirming it will be acquired by private equity house Apollo Global Management for $4.3bn. New Rackspace president Jeff Cotten reveals details of what the future holds for the managed cloud company now it’s under new ownership.
