Rackspace Technology, Inc.

Rackspace Technology, Inc. (NASDAQ: RXT) operates as a leading end-to-end hybrid cloud and artificial intelligence solutions company serving enterprises globally. The company maintains its corporate presence at www.rackspace.com and operates through two primary business segments: Public Cloud and Private Cloud, each addressing distinct market dynamics and customer requirements.

The Public Cloud segment delivers services across Amazon Web Services, Microsoft Azure, and Google Cloud platforms, bundling infrastructure with managed services, professional services, and proprietary tools to help customers navigate, migrate, modernize, and optimize their cloud environments. The Private Cloud segment enables customers to achieve business outcomes through Rackspace-operated global data centers, colocation facilities, and edge environments, offering programmatic infrastructure, cloud operating systems, platform-as-a-service solutions, and specialized services for regulated industries.

Rackspace serves over 75,000 customers across more than 120 countries with no single customer representing more than six percent of total revenue. The company employs approximately 5,000 highly skilled professionals, known internally as Rackers, distributed across 22 countries including 1,800 in North America, 800 in Europe, Middle East and Africa, and 2,400 in Asia Pacific and Japan. Approximately seventy percent of employees work remotely.

The company's integrated services portfolio spans the complete technology transformation lifecycle, from strategy and architecture through implementation and ongoing operations. Core offerings include professional services, managed services, elastic engineering, security services, and specialized solutions for healthcare, artificial intelligence, enterprise resource planning, and sovereign cloud environments. Rackspace differentiates through twenty-five years of expertise in mission-critical workloads, close partnerships with major technology providers including AWS, Microsoft, Google Cloud, VMware by Broadcom, Dell Technologies, and Palantir Technologies, and proprietary automation and AIOps platforms that reduce total cost of ownership.

The company's predecessor was founded in 1998, taken private in a leveraged buyout in 2016, and returned to public markets through initial public offering in August 2020. Rackspace maintains a global presence across more than sixty cities, enabling multinational enterprises to access coordinated hybrid cloud and AI solutions with particular depth in regulated and mission-critical industries requiring enhanced data sovereignty, security, and operational accountability.