About Rackspace Technology
Rackspace Technology is a publicly listed company based in San Antonio (United States) founded in 1998, and was acquired by Apollo Global Management in August 2016. Multicloud solutions, applications, data, AI, and security services are provided. It operates on a Managed Services, Professional Services, and AI-as-a-Service model. Rackspace Technology has raised $17.8 million across 4 funding rounds from investors including Red Hat, Apollo Global Management and Norwest Venture Partners. The company has 5,100 employees. Rackspace Technology has completed 15 acquisitions, including Anso Labs, Cloudkick and Datapipe. Its website rackspace.com draws about 3.1 million monthly visits. Its Indian entity Rackspace India Private Limited reported revenue of ₹26.14 Cr. Rackspace Technology offers products and services including Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR™), Cyber Recovery Services, and Data Modernization. Its focus areas include Cloud Computing, Managed Cloud Services, Artificial Intelligence and AI Solutions. Its competitors include 2nd Watch, CoSo Cloud and Netgain; 3 of its 3 listed competitors have raised funding.
Company details
Rackspace Technology is established as a leader in providing multicloud solutions, AI adoption, and cybersecurity services. The company is focused on cloud adoption, migration, and optimization across public, private, and hybrid cloud environments. Solutions are offered for application modernization, data management, and AI-driven insights through platforms like Foundry for AI by Rackspace (FAIR). Services are extended to various industries including healthcare, financial services, and government. Managed and professional services are delivered with a commitment to operational excellence and customer experience, branded as Fanatical Experience. The companys expertise is leveraged to secure mission-critical workloads and drive digital transformation for global clients.
- Headquarters San Antonio, United States
- Employees 5,100
- Stage Public
- SectorsTechnology
- Website category Computers Electronics and Technology
- Phone•••• ••••
- Website rackspace.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Apollo Global Management (Aug 2016)
- Legal Name Rackspace Technology, Inc.
- Indian entity revenue₹26.14 Cr
FY 2025 · -42% YoY
- Indian entity net profit₹1.43 Cr
FY 2025 · 5% margin
- Indian entity EBITDA₹1.91 Cr
FY 2025 · 7% margin
- Total Equity Funding$17.8M (USD)
in 4 rounds
- InvestorsRed Hat
& 4 more
- Employee Count5,100
- Investments & AcquisitionsAnso Labs
& 14 more
- Acquired byApollo Global Management
(Aug 2016)
Associated legal entities of Rackspace Technology
Rackspace Technology operates through Rackspace India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rackspace India Private Limited CIN U72200KA2013FTC071880 | Active | 14 Nov 2013 | Bangalore, Karnataka | ₹26.1 Cr | 3 | View details |
Products & Services of Rackspace Technology
Rackspace Technology offers a comprehensive portfolio of products and services, including Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR™), Cyber Recovery Services, and Data Modernization.
Customized cloud migrations are provided with automation focus.
Continuous management of cloud environments is expertly offered.
Responsible AI solutions are accelerated across various industries.
Cyber resilience is strengthened with recovery-as-code solutions.
Data architecture is streamlined across modern cloud platforms.
Apps and channels of Rackspace Technology
its YouTube channel Rackspace Technology UK has 773 subscribers and 30 videos.
Videos from Rackspace Technology
The most watched videos on Rackspace Technology's YouTube channel, Rackspace Technology UK (773 subscribers). Click a video to play it here.
More on Rackspace Technology UK.
Funding Insights of Rackspace Technology
Rackspace Technology has successfully raised a total of $17.8M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.8M
- Total Rounds 4
- First Round $6.3M
(Jan 2000)
- Investors Count 4
All 4 funding rounds of Rackspace Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2016 | Post-IPO | – | – | ||
| Nov 2015 | $500M | Debt – Conventional | – | – | – |
| Apr 2000 | $11.5M | Series B | – | – | |
| Jan 2000 | $6.3M | Series A | – | – | – |
5 investors in total: 5 institutional.
Investors in Rackspace Technology
Rackspace Technology has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Red Hat, Apollo Global Management and Norwest Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | searchlightcap.com | New York, United States | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Buyouts are targeted through private equity investments by the firm. | 1990 | apollo.com | New York, United States | |
OpenStack distribution and Kubernetes cluster management are facilitated across clouds. | 1993 | redhat.com | Raleigh, United States |
Investor details for Rackspace Technology
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Board of directors of Rackspace India Private Limited (Rackspace Technology)
Rackspace India Private Limited is the primary company behind Rackspace Technology. The board of Rackspace India Private Limited currently have 3 directors; the longest-serving is Dorothea Brueggler, appointed in 2019. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dorothea Brueggler DIN 08476717 | Director | 30 Jun 2019 | 7 yrs 4 mo | Rackspace India Private Limited |
| Angela Kurien Murze DIN 10060238 | Director | 06 Mar 2024 | 2 yrs 8 mo | Rackspace India Private Limited |
| Nitin Motwani DIN 10739102 | Director | 16 Aug 2024 | 2 yrs 2 mo | Rackspace India Private Limited |
People of Rackspace Technology
411 people are tracked at Rackspace Technology (78 in leadership, 8 in board & advisors, 325 in team); the tracked headcount is 5,100.
| Name | Role | Group |
|---|---|---|
Garison Draper | Director, Elastic Engineering | Leadership |
Karine Begoumian | Director, Global Talent Development | Leadership |
Michael Bross | Chief Legal Officer And Corporate Secretary | Leadership |
Sarah Alexander | Vp, Deputy General Counsel And Asst. Secretary | Leadership |
Guru Puttu | Head Of Enterprise Business, Americas West | Leadership |
Tony Rook | Vice President And Deputy General Counsel, International | Leadership |
Michelle Ramirez | Director Of Global Campaigns, Thought Leadership And Social Media | Leadership |
Maria G. Flores | Director, Global Treasury Operations | Leadership |
Edward Kerr | Head Of Product - Software And Services | Leadership |
Mohammad abu-Sharar | Chief Technology Officer | Leadership |
Abisola F. | Director Finance | Leadership |
Josh Villarreal | General Manager, Openstack Public And Private Cloud | Leadership |
Sharyn Ford | Sr. Director, Organizational Effectiveness | Leadership |
Kellie Teal-Guess | Executive Vice President & Chief Human Resources Officer | Leadership |
Jackie Marashi | Director, Legal | Leadership |
Rick Rosenburg | Vice President And General Manager Government Solutions | Leadership |
John Crabaugh | Director, Cyber Security Operations | Leadership |
Gary Boyd | Senior Director DC Project Engineering | Leadership |
Brian Lichtle | Chief Technology Officer | Leadership |
Eric de Oude | Head Of Delivery, Public Cloud Professional Services – EMEA | Leadership |
391 more people are available in the full profile.
Complete people profiles for Rackspace Technology
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IPO & Listings of Rackspace Technology
Rackspace Technology is a publicly listed company on the NASDAQ with ticker symbol RXT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 Aug 2020
- Listed onNASDAQ: RXT
- Listed entityRackspace Technology, Inc.
- Exchange sectorTechnology services
- ISINUS7501021056
- Share price$3.63 (-1.36% on the day) · 2026-10-13
- Market capitalisation$925.2M
- EPS (diluted, trailing year)$-0.65
- Volume (last session)2,639,596
Financials of Rackspace Technology
Figures of Rackspace India Private Limited, the primary company behind Rackspace Technology, for FY 2025. Revenue was ₹26.14 Cr (-42% year on year). Net profit was ₹1.43 Cr (5% margin). EBITDA was ₹1.91 Cr (7% margin). Revenue has grown at a compounded annual rate of +117% over three years and +120% over five years.
- ₹26.14 CrRevenue · FY 2025 · -42% YoY
- ₹1.43 CrNet profit · 5% margin
- ₹1.91 CrEBITDA · 7% margin
- ₹31.5 LakhPaid-up capital
- +117%Revenue CAGR, 3 years
- +120%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $2.69B | -$225.8M | $294.2M |
| 2024 | $2.74B | -$858.2M | $247.3M |
| 2023 | $2.96B | -$837.8M | $304.5M |
| 2022 | $3.12B | -$804.8M | $449.2M |
| 2021 | $3.01B | -$218.3M | $546.1M |
Balance sheet, profit and loss, cash flow and ratios of Rackspace India Private Limited are on its company page.
Detailed financial statements for Rackspace Technology
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Investments & Acquisitions by Rackspace Technology
Rackspace Technology has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Anso Labs, Cloudkick and Datapipe.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI and cloud-based platforms are utilized for cybersecurity solutions. | paloaltonetworks.com | Santa Clara, United States | 2005 | Sep 2023 | •••• | |
Business strategy and financial management services are provided. | precia.co | Bogota, Colombia | 2013 | Aug 2022 | •••• | |
AI and analytics services are provided by Just Analytics. | justanalytics.com | Singapore | 2009 | Jan 2022 | •••• | |
Cloud consulting and managed IT services are offered by Onica. | onica.com | Santa Monica, United States | 1983 | Nov 2019 | •••• | |
End-to-end marketing services for Salesforce platform are delivered. | relationedge.com | San Diego, United States | 2013 | May 2018 | •••• | |
Managed hybrid cloud services are provided for enterprises. | datapipe.com | Jersey, United States | 1998 | Sep 2017 | •••• | |
Multicloud, application, data, and security solutions are provided. | tricoresolutions.com | Norwell, United States | 1999 | May 2017 | •••• | |
Limited information available | litestack.com | San Antonio, United States | 2011 | Oct 2013 | •••• | |
Lightweight open-source hypervisor for cloud virtualization is developed. | zerovm.org | San Antonio, United States | 2011 | Oct 2013 | •••• | |
Redis hosting services are provided through five tiered plans. | redistogo.com | San Antonio, United States | 2009 | Mar 2013 | •••• |
Complete acquisition details for Rackspace Technology
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Timeline of Rackspace Technology
15 dated milestones of Rackspace Technology across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Rackspace Technology is founded.
- Funding First funding round of $6.3M.
- Acquisition Acquires Redis To Go.
- Acquisition Acquires ZeroVM.
- Acquisition Acquires LiteStack.
- Exit Acquired by Apollo Global Management.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Tricore Solutions.
- Acquisition Acquires Datapipe.
- Acquisition Acquires RelationEdge.
- Acquisition Acquires Onica.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Just Analytics.
- Acquisition Acquires Precia.
- Acquisition Acquires Palo Alto Networks.
Competitors of Rackspace Technology
Rackspace Technology has 3 listed competitors in our database, 3 of them funded. They include 2nd Watch, CoSo Cloud and Netgain.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 2ndwatch.com | 2010 | Seattle, United States | $73.69M | 112 | Public cloud workload management tools and services are provided. | |
| cosocloud.com | 2007 | San Francisco, United States | $26M | 31 | Cloud-based virtual classroom platform for enterprises | |
| netgaincloud.com | 2000 | Saint Cloud, United States | $25M | 137 | IT service provider |
Detailed competitors of Rackspace Technology
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Web traffic of Rackspace Technology
The website of Rackspace Technology (rackspace.com) receives about 3.1M visits a month and ranks #20,167 among all websites worldwide, #2,644 in Computers Electronics and Technology.
- Monthly visits3.1M
- Unique visitors333.1K
per month
- Global rank#20,167
among all websites
- Category rank#2,644
Computers Electronics and Technology · Computers Electronics and Technology
- Bounce rate21%
- Pages per visit4.0
- Average visit3 min 33 sec
- DevicesDesktop 79% · Mobile 21%
Websites whose visitors overlap most with Rackspace Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zoom.us | 100% | 563.4M | #82 | View details | |
| calendly.com | 98% | 40.1M | #1,297 | View details | |
music.apple.com | music.apple.com | 96% | #996 | – | |
| kick.com | 93% | 180M | #257 | View details | |
| serverfault.com | 93% | 680.7K | #40,855 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Rackspace Technology
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Rackspace Technology (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Rackspace Technology
Complete news archive for Rackspace Technology
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Frequently Asked Questions about Rackspace Technology
Rackspace Technology was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Rackspace Technology is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Rackspace Technology is a funded company, having raised a total of $17.8M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.3M, raised on Jan 2000.
Rackspace Technology has 5,100 employees.
The primary company behind Rackspace Technology, Rackspace India Private Limited, reported revenue of ₹26.14 Cr for FY 2025, down 42% year on year.
Rackspace Technology is established as a leader in providing multicloud solutions, AI adoption, and cybersecurity services. The company is focused on cloud adoption, migration, and optimization across public, private, and hybrid cloud environments. Solutions are offered for application modernization, data management, and AI-driven insights through platforms like Foundry for AI by Rackspace (FAIR). Services are extended to various industries including healthcare, financial services, and government. Managed and professional services are delivered with a commitment to operational excellence and customer experience, branded as Fanatical Experience. The companys expertise is leveraged to secure mission-critical workloads and drive digital transformation for global clients.
Rackspace Technology's top competitors include CoSo Cloud, Netgain and 2nd Watch.
Rackspace Technology offers Cloud Adoption and Migration, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIRâ„¢), Cyber Recovery Services, and Data Modernization.
Yes, Rackspace Technology is publicly traded on NASDAQ under the ticker symbol RXT.
Rackspace Technology has 5 investors. Key investors include Red Hat, Apollo Global Management, Norwest Venture Partners, Searchlight Capital, and Sequoia Capital.
Rackspace Technology operates through Rackspace India Private Limited.