Rackspace Technology

American managed cloud computing company

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January 2024 Rackspace relocated its San Antonio Global Headquarters from Windcrest (The Castle) to the RidgeWood Plaza II office building in north-central San Antonio.
May 2023 The class action lawsuit (Stephenson, et al. v. Rackspace Technology, Inc.) was dismissed by a judge in San Antonio.
December 12 2022 A class action lawsuit was filed against Rackspace Technology, Inc. by Cole & Van Note on behalf of tens of thousands of businesses who lost email and service access due to the ransomware incident.
December 5 2022 Rackspace experienced a major service outage affecting all hosted Exchange users, which was initially investigated as a potential security incident or ransomware attack. On the first full day of trading after the incident, Rackspace's shares dropped as much as 16% (a $0.75 decline).
September 2022 Amar Maletira was appointed as the new CEO of Rackspace Technology.
January 18 2022 Rackspace acquired Just Analytics, a Singapore-headquartered cloud-based data, analytics, and AI company, to strengthen its global data and analytics offerings.
August 2020 Rackspace Technology launched its initial public offering (IPO) on the Nasdaq stock exchange, trading under the ticker symbol 'RXT'. The IPO involved 33,500,000 shares of common stock priced at $21.00 per share.
June 2020 Rackspace Technology changed its company name from its previous designation to Rackspace Technology.
2019 Joe Eazor was replaced as CEO by Kevin Jones.
November 4 2019 Rackspace announced plans to acquire Onica, expanding its cloud transformation and managed services capabilities.
September 17 2018 Rackspace acquired RelationEdge, likely enhancing its customer relationship management and cloud services.
September 11 2017 Rackspace announced plans to acquire Datapipe, further extending its cloud services and global reach.
May 2017 CEO Taylor Rhodes announced his departure from the company and was replaced by Joe Eazor.
May 25 2017 Rackspace announced an agreement to acquire TriCore Solutions, expanding its enterprise IT service portfolio.
November 3 2016 Rackspace officially ended trading on the New York Stock Exchange following the completion of its sale to Apollo Global Management.
August 2016 Apollo Global Management reached an agreement to acquire Rackspace for $4.3 billion.
February 16 2012 Rackspace acquired SharePoint911, a Microsoft SharePoint consulting company located in Cincinnati, Ohio, to enhance its enterprise consulting capabilities.
September 8 2010 Rackspace received national attention by discontinuing web hosting services for Dove World Outreach Center due to the center's plan to burn Qur'an copies, citing a violation of company policy.

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