April 18, 2024

Rackspace changes name in efforts to go public once again

San Antonio based Rackspace is now called Rackspace Technology as the company announced on Monday, June 8, 2020.

The name was changed to reflect the company’s new strategy that reflects end-to-end technology solutions. Within the inclusion, their products include cloud optimization, security cloud native enablement and data modernization, said in their press release.

“Our technical acumen with the world’s leading cloud technologies – across apps, data and security – empowers our customers to build new revenue streams, increase efficiency, and create incredible experiences,” said Kevin Jones, CEO, Rackspace Technology. “Our new name, mission and multi cloud solutions better represent the full value we bring to market. Our mission is simple. Embrace technology. Empower customers.​ Deliver the future.”

“Our first year of savings with Rackspace was in the 40-45% range versus our historical run costs. As we’ve continued to optimize, our second and third year of savings will be more than 60%,” said Scott Strickland, EVP & CIO, Wyndham Hotels & Resorts. “Rackspace has been a tremendous partner, and their strategic shift to double down on new multi cloud solutions addresses our long-term business needs.”

The company had launched in 1998 in San Antonio will remain and employ over 6,000 employees they call “Rackers” in over 150 countries.

Today Rackspace Technology headquarters is at the former Windsor Park Mall which was converted into a state-of-the-art business center Rackers call “The Castle”.