Rackspace Appoints Jesse Burros as Senior Vice President of Corporate Development
SAN ANTONIO – April 2, 2019 – Rackspace today announced it has hired Jesse Burros as senior vice president of corporate development. Burros, who brings nearly 15 years of corporate development and investment banking experience, will be responsible for leading the company’s mergers and acquisitions strategy and EXECution, as well as Investor Relations.
“Jesse is a proven leader with a deep understanding of capital markets, M&A and the global IT landscape,” said Louis Alterman, CFO of Rackspace. “As we push to become the greatest technology services company in the world, we’ll continue to pursue opportunities to help us broaden our expertise and strengthen our solutions portfolio, and we’ll have expanded opportunities to interact with the capital markets. Jesse is the ideal leader to drive these efforts.” Prior to joining Rackspace, Burros established and led the cloud services investment banking practice at BMO Capital Markets.
While at BMO, Burros successfully advised public and private companies on equity and debt offerings, sales, acquisitions and divestitures worth over $4 billion in transaction volume. Among other notable M&A transactions and initial public offerings, Burros was the exclusive financial advisor to Rackspace and Apollo on the acquisition of TriCore Solutions. Before joining BMO, Jesse held corporate strategy and finance roles with Time Warner, MTV Networks and Jefferies.
“I’ve worked closely with Rackspace for several years and I’m very bullish about the future of this company,” said Burros. “Rackspace is the leader in managed cloud services and given its scale, leadership team, and track record of excellent customer service, I couldn’t be more excited about coming on board to help drive the next phase of the company’s growth. I look forward to exploring new ways to expand our capabilities and global reach, as we work to help customers accelerate the value of the cloud at every phase of their digital transformation journey.” Read more: “5 Questions for Rackspace SVP of Corporate Development Jesse Burros”
Media Contact
Brandon Brunson
brandon.brunson@rackspace.com
210.312.1357
About Rackspace Technology
Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at
www.rackspace.com.
Forward-Looking Statements
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These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy,
the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and
scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions
and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated
benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability
to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and
governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure
buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners,
including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry
conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
