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Rackspace Technology Achieves AWS Small and Medium Business Competency

Rackspace Technology Achieves AWS Small and Medium Business Competency

Rackspace Technology Achieves AWS Small and Medium Business Competency

Rackspace empowers small and medium-sized businesses with customized AWS solutions to accelerate growth and innovation

SAN ANTONIO, TX – October 28, 2024—Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid, multi-cloud, and AI solutions company, announced today that it has achieved the Amazon Web Services (AWS) Small and Medium Business (SMB) Competency. This specialization recognizes Rackspace Technology as an AWS Partner with a unique focus on SMB customers.

Achieving the AWS SMB Competency differentiates Rackspace Technology as an AWS Partner with demonstrated proficiency and proven customer success, helping SMBs solve their business and technical problems. Rackspace Technology is equipped to handle these challenges with solutions designed with their customer’s unique needs in mind, including consideration for SMBs’ typical deployment models, their level of IT capabilities and financing preferences, and their local and industry requirements.

“Achieving the AWS Small and Medium Business Competency is a testament to Rackspace Technology’s commitment to helping small and medium-sized businesses thrive using AWS services,” said D K Sinha, President, Public Cloud Rackspace Technology. “We’re proud to provide tailored services that drive growth, efficiency, and innovation for SMBs worldwide, empowering them to scale and succeed on AWS.”

AWS enables scalable, flexible, cost-effective solutions for startups and global enterprises. To support these solutions’ seamless integration and deployment, the AWS Competency Program helps customers identify AWS Partners with deep industry experience and expertise.

Rackspace Technology offers comprehensive solutions specifically designed for SMBs. Our solutions include cloud migration, application modernization, and managed cloud services, all tailored to meet SMBs’ unique needs. With Rackspace Elastic Engineering, SMBs gain access to a team of AWS-certified experts who deliver cloud-first AWS solutions in an agile framework, ensuring seamless integration, robust security, and optimized performance. SMBs that partner with Rackspace can accelerate their digital transformation journey, reduce operational costs, and drive sustainable growth on AWS.

Rackspace Technology worked to position Sharestates, a leading real estate investment and lending online marketplace, for future growth and enhance its cloud infrastructure by migrating to AWS for its cost-effectiveness, flexibility, and redundancy capabilities. The infrastructure transition was completed over a weekend with zero downtime, improved customer experience, optimized operations, and scalability, and provided the company with the latest cloud technologies and best practices.

“At Sharestates, our migration to AWS, facilitated by Rackspace Technology, has been a game-changer. The transition to AWS has significantly enhanced our infrastructure, providing faster banking transfer processing speeds and an improved user experience for our investors and internal teams,” said Radni Davoodi, CTO and Co-founder of Sharestates. “Looking ahead, this move will allow us to stay at the forefront of the commercial real estate lending industry.” 

About Rackspace Technology  

Rackspace Technology is a leading end-to-end hybrid, multicloud, and AI technology services company. We 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.