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Rackspace Technology Achieves Snowflake Premier Partnership Level

Rackspace Technology Achieves Snowflake Premier Partnership Level

Rackspace Technology Achieves Snowflake Premier Partnership Level

Partnership focuses on data services experience, skills, and ability to accelerate joint value for customers

SAN ANTONIO – March 3, 2022 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced achieving Snowflake’s Premier Partnership Level. Snowflake, the Data Cloud company, has chosen Rackspace Technology for this partnership to assist with their growth by leveraging data services experience and skills, and the ability to accelerate value for customers. The new status puts Rackspace Technology in the top 30 list of partners in the Snowflake partner ecosystem in the US.

“Rackspace Technology brings expertise in migrating customers to the Snowflake Data Cloud, providing a strong expertise in building and operating data lakes, data warehouses, and data science platforms that add value to Snowflake and its customers,” said Colleen Kapase, SVP of WorldWide Partners, and Alliances for Snowflake. “The partnership will provide simplified data management and analysis with Rackspace Technology and Snowflake.”

Snowflake enables organizations to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and EXECute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies.

Rackspace Technology and Snowflake have worked together for companies like Innovyze, a global leader in building innovative, industry-leading software for the water industry.      

“Rackspace Technology helped Innovyze deliver a sophisticated platform for near-seamless onboarding of new customers while lowering the barrier to entry for digital water lifecycle management for municipalities,” said Rick Gruenhagen, CTO of Innovyze, an Autodesk company. “At the same time, our customers can use real-time Snowflake data to improve the accuracy of their models, which is a huge accomplishment in the water industry. The cloud-based approach reduces operational overhead for clients and gives Innovyze the freedom to continue innovating and leading the industry.”

“Rackspace Technology has deep expertise with all major databases, analytics and AI/ML technologies so we can maximize the business value of a Snowflake project which is evident by our proven method for successful Snowflake deployments,” said Josh Prewitt, Senior Vice President, and Chief Product Officer for Rackspace Technology. “Our customers will benefit from the powerful combination of Snowflake’s innovative technology and our commitment to helping drive and develop their Data Strategy.”

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.