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Rackspace and Tech Mahindra Partner to Lead with New Go-To-Market Strategy

July 11, 2019

Rackspace and Tech Mahindra Partner to Lead with New Go-To-Market Strategy

SAN ANTONIO – Rackspace today announced a strategic partnership with Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business reengineering services and solutions, which will enable cross-selling to the Tech Mahindra customer base, joint product and services offerings, and improvements to Rackspace’s internal business applications and processes.

With this partnership, Rackspace will EXECute a new go-to-market commercial model and benefit from improvements and efficiencies to the management of business applications and processes. Partnering with Tech Mahindra will help Rackspace enable more customers close the gap between the complex reality of today and the promise of tomorrow, accelerating the value of the cloud during every phase of their digital transformation.

“Our partnership with Tech Mahindra is a powerful combination. Their understanding of innovative and customer-centric IT experiences is uniquely complimentary to how Rackspace provides a Fanatical Experience™,” said Subroto Mukerji, chief operating officer at Rackspace. “We believe that this will help generate industry leading technology services and platforms. With 121,000+ associates, working across 90 countries and helping 938 global customers, including Fortune 500 companies, this partnership will allow us to drive far more business impact for our customers.”

Rackspace’s partnership with Tech Mahindra will provide improvements and efficiencies for running multiple Rackspace business applications and processes. Rackspace will continue to own their application strategy and roadmap, while Tech Mahindra will bring world-class expertise and best practices to deliver against this.

“Partnering with Rackspace to deliver digital transformation for our customers will allow us to provide the best business, program and portfolio strategies to build the next generation of innovative IT,” said Lakshmanan Chidambaram, President of Americas at Tech Mahindra. “Together, we will unlock the full potential of digital transformations and place our customers on the best path for success in the new digital business landscape,” said Sampath Saagi, Senior Vice President, Technology & Industrial Manufacturing vertical at Tech Mahindra.

Rackspace chose to partner with Tech Mahindra because of a close alignment between the respective companies’ culture, growth, innovation and go-to-market strategies. Rackspace continues to focus on delivering a Fanatical Experience™ to its customers, and this partnership will accelerate that, helping more customers on their digital transformation journeys.

About Tech Mahindra  Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 121,000+ professionals across 90 countries, helping 938 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).  We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. 

Media Contact:
Mikala Ferguson
mikala.ferguson@rackspace.com
210-550-6452

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

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements contain these words.

 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.