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Braze Expands Partnership with Rackspace Technology Through Multi-Year Agreement Supporting Future Growth and Innovation

Braze Expands Partnership with Rackspace Technology Through Multi-Year Agreement Supporting Future Growth and Innovation

Braze Expands Partnership with Rackspace Technology Through Multi-Year Agreement Supporting Future Growth and Innovation

The strategic agreement will support growth and innovation for Braze’s expanding geographical footprint 

SAN ANTONIO, April 4, 2023 – Rackspace Technology® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced that Braze (Nasdaq: BRZE), a leading comprehensive customer engagement platform that powers interactions between consumers and brands they love, has expanded its relationship with Rackspace Technology with a multi-year agreement that will support growth and innovation for the company.

“I am very excited about our new enterprise agreement with Rackspace Technology that we believe will support Braze’s future growth,” said Jon Hyman, co-founder, and CTO of Braze. “Our mutually beneficial structure is intended to help Braze achieve improved cost predictability and economies of scale while providing Rackspace Technology predictable growth and the ability to make long-term investments in Braze and the ObjectRocket solution.”

Braze has been a Rackspace ObjectRocket customer for several years and relies on Rackspace Technology to manage the company’s MongoDB® databases with disaster recovery, replication, fault tolerance, and high availability for Braze’s databases.      

“We demonstrated to Braze that we listened and understood their business by recognizing what was essential to their leadership and board of directors,” said Josh Prewitt, Rackspace Technology Chief Product Officer. “From both a delivery and financial perspective, the alignment we built and collaboration from the top down between our organizations were key factors in working together to help meet Braze’s business needs.”

To learn more about how Rackspace Technology helps companies unlock the power of ObjectRocket’s portfolio of data stores and puts the complexity of managing your databases into expert hands click here.

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 Braze

Braze is a leading comprehensive customer engagement platform that powers interactions between consumers and brands they love. With Braze, global brands can ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. Braze has been recognized as one of Fortune’s 2022 Best Workplaces in New York, Fortune’s 2021 Best Workplace for Millennials, and 2021 UK Best Workplaces for Women by Great Place to Work. The company is headquartered in New York with offices in Austin, Berlin, Chicago, London, Paris, San Francisco, Singapore, and Tokyo. Learn more at braze.com.

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.