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SustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG Initiatives

May 2, 2023

SustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG Initiatives

SustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG Initiatives

Nonprofit Organization Showcases Early Movers in Advancing Global Sustainability Through Technology Leadership

SAN ANTONIO, TX May 2, 2023 – Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced SustainableIT.org, the CIO-led nonprofit organization dedicated to advancing global sustainability through technology leadership, today announced Srini Koushik, EVP & CTO of Rackspace Technology had been presented with SustainableIT Impact Awards for Social Impact. These awards recognize technology leaders and their C-suite partners for their leadership and achievement in driving environmental, social, or governance (ESG) sustainability, representing the values and goals that are part of SustainableIT’s mission.

The honorees represent a broad spectrum of companies, reflecting the program’s goal of inspiring CIOs and CTOs to lead in addressing their businesses’ ESG challenges and opportunities. Winners were chosen based on their goals and progress in advancing sustainability and their positive impact on their businesses.

 “Sustainability is a journey,” said Srini Koushik, EVP & CTO Rackspace Technology. “Modern enterprises must collaborate across their sectors and recognize that their success is intertwined with the planet’s health and society.” 

Leaders of the SustainableIT.org nonprofit reflected on the broader importance of the awards. Board member Shannon Gath, CIO of Teradyne, said, “Our honorees serve as beacons for their industries, hopefully inspiring all technology leaders to step up and lead on sustainability. As IT leaders, we are uniquely positioned within our companies to put the power of technology behind ESG. As with other business imperatives, technology is an essential component.”

The winners of this year’s Impact Awards will be recognized at the SustainableIT Awards Gala on the evening of Tuesday, May 2, 2023, at The Fontainebleau Miami Beach and Scott Sanders, Rackspace Technology CIO, will accept the award on Koushik’s behalf. The Gala will be held in partnership with the Delphix Data Company Summit, an annual technology leadership conference dedicated to advancing solutions and best practices for using data to accelerate innovation while strengthening compliance, improving software quality, and reducing costs.

About SustainableIT.org
SustainableIT.org is a nonprofit organization focused on advancing global sustainability through technology leadership. Our mission is to define sustainable transformation programs by industry, author best practices and frameworks, set standards and certifications, provide education and training, and raise awareness for environmental and societal programs that make our organizations and the world sustainable for generations to come.

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.

Media Contact: Natalie Silva, 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.