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Rackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google Cloud

January 17, 2023

Rackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google Cloud

Rackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google Cloud

Expanded long-term 360-degree relationship includes services and solutions that drive customer value, innovation, and sales opportunities while strengthening go-to-market relationship

SAN ANTONIO, January 17, 2023 – Rackspace Technology® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced an expanded, long-term strategic partnership with Google Cloud with a focus on helping customers accelerate their digital transformations and adoption of Google Cloud infrastructure and solutions. As a part of the expanded partnership, the Rackspace Technology expert teams will build innovative solutions in the areas of Data, AI, Migrations, Application modernization, and Industry use cases to help customers realize the value of Google Cloud. Rackspace Technology will significantly expand its services capacity for Google Cloud customers by building a world-class Rackspace Technology Google Cloud services team.

The expanded strategic partnership is a 360-degree relationship that will generate new industry-focused solutions to accelerate customers’ cloud agendas. As part of this partnership, Rackspace Technology will invest in expanding its dedicated Google Cloud Business Unit across the globe, optimize spend, and focus on creating differentiated solutions, sales, and delivery experiences to help customers get the most out of Google Cloud investments.

“Building services capacity, solutions, and certified experts available to customers is critical to accelerating their digital transformations and solving their toughest challenges,” said Jim Anderson, VP, North America Partner Ecosystem and Channels at Google Cloud. “By expanding its solutions portfolio and services teams focused on Google Cloud, Rackspace Technology will create more value and innovation for customers and help businesses see value from their cloud investments more quickly.”

The Rackspace Technology dedicated experts will work with experts from Google Cloud to support customers with strategy and cloud-native development to accelerate innovation on Google Cloud. In addition, as part of the expanded partnership, Google Cloud is working with Rackspace Technology to develop a Rackspace Google Cloud Center of Excellence to train and develop Rackers to gain expertise on Google Cloud products and solutions.

“Google Cloud has been at the forefront of envisioning futuristic solutions and incorporates advanced, feature-rich platforms that drive the inclusion and infusion of emerging technologies,” said D K Sinha, President Public Cloud at Rackspace Technology. “The Rackspace Technology and Google Cloud relationship can help companies accelerate their adoption of those technologies by building and managing applications to realize more value from Google Cloud. We are committing to training and certifying hundreds of cloud, AI, and data professionals around the globe. Together with Google Cloud, we will help customers and industries innovate and implement Google Cloud technology at scale.”

“Worldwide end-user spending on public cloud services is forecast to grow 20.7% to total $591.8 billion in 2023, up from $490.3 billion in 2022”, according to Gartner®.

“Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending,” said Sid Nag, Vice President Analyst at Gartner. “Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic, and scalable nature.” Source[1]: Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach Nearly $600 Billion in 2023.

Rackspace Technology is a three-time award-winning Google Cloud partner, holds three Google Cloud Specializations for Infrastructure, Cloud Migration, and SAP on Google Cloud, and eight Google Cloud Expertise designations for SAP, SAP on Google Cloud GC Databases, Modernize Legacy Applications, Application Development and Monitoring, Google Cloud Compute, VM Migration, and Data Warehouse Modernization.

Rackspace Technology has also been named a leader in the U.S. ISG Provider Lens™ Google Cloud Partner Ecosystem – Managed Services 2022 and the U.S. ISG Provider Lens™ Google Cloud Partner Ecosystem – Implementation and Integration Services 2022 due to the company’s product portfolio and competitive strategies.

ISG is a leading global technology research and advisory firm.

For more information about the Rackspace Technology and Google Cloud partnership, click here.

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.

Media Contact

Natalie Silva

publicrelations@rackspace.com

[1] Gartner Press Release, Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach Nearly $600 Billion in 2023, October 31, 2022.

GARTNER is the registered trademark and service mark of Gartner Inc., and/or its affiliates in the U.S. and/or internationally and has been used herein with permission. All rights reserved.

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.