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Rackspace Technology Recognized as a Top 50 Inspiring Workplace in EMEA and North America

June 28, 2022

Rackspace Technology Recognized as a Top 50 Inspiring Workplace in EMEA and North America

Rackspace Technology Recognized as a Top 50 Inspiring Workplace in EMEA and North America

SAN ANTONIO, TX – June 28, 2022 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced receiving Inspiring Workplaces awards for 2022 in both EMEA and North America.  The Inspiring Workplaces Group (IW) announced its first-ever Top 50 Inspiring Workplaces lists in both regions at awards ceremonies in London and New York City.

In its eighth year and to reflect an evolving workplace landscape, IW revamped the awards program for 2022 by requesting organizations to complete an entry form consisting of six key elements. Elements the organization believes are fundamental to creating an Inspiring Workplace. They are:

  • Culture and Purpose
  • Leadership
  • Wellbeing
  • Inclusion & Diversity
  • Communication
  • Employee Experience

Organizations entered a category defined by how many people are within the business and the top 50 were decided by an independent expert judging panel. Rackspace Technology was named #2 in the Enterprise Business (5,000+ employees) category in both regions, #8 overall in North America, and #24 overall in EMEA.

“Our employee value proposition is that ‘Rackers are valued members of a winning team on an inspiring mission,’” says Holly Windham, EXECutive Vice President, Chief Legal and People Officer for Rackspace Technology. “We deliver the future for our customers by creating a culture where Rackers feel a sense of belonging and thrive by being their authentic whole selves at work. So, to receive this recognition from Inspiring Workplaces is truly special.”

Matt Manners, Founder, The Inspiring Workplaces Group commented, “Congratulations to The Top 50 Inspiring Workplaces. An historic moment. This year, the competition for an Inspiring Workplaces Award is the strongest that we have ever seen. We think that this is brilliant news. Indicative of positive, meaningful change throughout the world of work. Organizations must create workplaces that not only inspire but provide reasons to first believe in and then to feel like they also belong.”

About Inspiring Workplaces – change the world

Inspiring Workplaces is the result of the merger between Employee Engagement Awards and the Employee Engagement Alliance. It is headquartered in the UK and operates in North America, Africa and Australasia. Inspiring Workplaces™ believes in recognizing and shaping the new, forward-thinking organizations of the future. By shedding the light on these innovative workplaces, Inspiring Workplaces helps to encourage positive change in workplaces as well as provide a source of inspiration and education for those who seek it.

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

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.