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Rackspace Technology Enables Konesh Mission Critical Operation for-Certified Accounting and Tax Management

August 10, 2022

Rackspace Technology Enables Konesh Mission Critical Operation for-Certified Accounting and Tax Management

Rackspace Technology Enables Konesh Mission Critical Operation for Certified Accounting and Tax Management

San Antonio, TX, August 10, 2022 – Rackspace Technology® (NASDAQ: RXT), the leader in end-to-end multicloud solutions, today announced that Konesh®, a company that provides managed services for accounting and tax procedures, SELECTed Rackspace Technology to develop its cloud services infrastructure.

Established in 2009, Konesh, a tax and accounting consultancy firm, is the third largest consultancy firm in volume and taxpayer management and currently generates CFDIs for 450,000 taxpayers. By contributing to the fulfillment of obligations of companies with the Mexican Tax Administration Service and the country’s income and growth, it is responsible for the critical mission of managing a significant part of the country’s tax collection.

Throughout 15 years of nonstop work, Konesh has formed, together with other Mexican PACs, a structured data ecosystem to give life to one of the world’s most advanced, award-winning, and recognized collection models, whose impact on the country’s economic and financial system has a decisive effect on national transformation projects which was a priority during the COVID-19 Pandemic.

Under strict security controls, the Konesh platform currently manages 1.5 billion documents. The capacity was mainly achieved by having Rackspace Technology as a strategic technological partner. With the support of its private cloud services for operation, the experts in Konesh tax solutions can now solely focus on offering their clients the service value, know-how, experience, and the confidence to solve tax impacts by understanding tax rules resulting in saving millions in risks.

“We have zero incidents with our clients and a 99.98% continuity in operations largely due to the quality of the Rackspace Technology infrastructure, said Imar Canche, Chief Research and Development Officer for Konesh. “We also believe that Rackspace Technology Fanatical Experience® has also helped us achieve our success. The support and accompaniment of Rackspace Technology are crucial for Konesh not only in the daily operation and in the creation and implementation of new projects that provide consultancy to its clients.”

“Having the support of Fanatical Experience is the most important differentiator in the case of a process that cannot stop. Systems are required to remain operational, and they cannot compromise critical mission performance,” said Héctor Gutiérrez, CEO of Konesh “Since we’ve been working with Rackspace Technology, everything has worked very well and in the shortest possible time.”

About Rackspace Technology

Rackspace Technology is the leading end-to-end multicloud technology services company. With capabilities to design, build, and operate its clients’ cloud environments on all major technology platforms, regardless of technology stack or deployment model. It partners with its customers at every stage of their “journey to the cloud,” enabling them to modernize applications, create new products, and adopt innovative technologies.

About Konesh® Solutions. The technological evolution of Latin America.

Real solutions that positively impact the evolution of companies. It helps companies build real value by optimizing their internal and digital processes. The technological solutions developed over 15 years are the vehicle that allows success in each implemented project, added to the management of organizational change and the adaptation of technology to the needs of companies, achieving maximum efficiency in matters of tax risk prevention, electronic invoicing and supply chain management, to mention a few examples.

Media Contact

Casey Shilling

publicrelations@Rackspace.com

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.