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Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services

Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services

Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services

Acquisition to Strengthen APJ Regional Ties into the Microsoft Azure Ecosystem

SAN ANTONIO – January 18, 2022 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has agreed to acquire Just Analytics, a leading provider of cloud-based data, analytics, and Artificial Intelligence (AI) services based in the Asia Pacific and Japan (APJ) region. Additionally, this acquisition brings strong regional ties into the Microsoft Azure ecosystem with Just Analytics recently being awarded four regional Microsoft partner of the year awards.

Just Analytics was founded in 2011 and has more than 100 employees headquartered in Singapore with additional employee presence in Vietnam and India. Just Analytics helps clients design and create scalable data pipelines using its proprietary data platform, Guzzle, coupled with new-age cloud-based data and analytics services that transform data into insights, giving customers a unified view of their information assets.

Just Analytics’ data platform is listed on Microsoft Azure Marketplace and automates the movement and transformation of any volume, variety, and velocity of data from a wide array of sources to data pipelines at scale for production. Just Analytics AI leverages Guzzle to enable the deployment of predictive capabilities solutions and business intelligence to analyze data from critical business and operational functions for business end-users.

“The acquisition of Just Analytics ties into our growing professional services focus and brings market-leading Cloud-based data, analytics and AI capabilities that are in demand from our customers and prospects,” said Kevin Jones, CEO of Rackspace Technology. “In addition, we will benefit from the company’s strong APJ regional ties, talented employee base, and natural evolution up the IT services stack. These benefits will provide a clear tie between our services and important customer business metrics.”

“By combining our capabilities with the Rackspace Technology global presence, resources, and scale, we can shift our focus to solely growing our existing business while Rackspace Technology integrates business functions to help us grow,” said, Hemanta Banerjee, Founder and Chief Architect for Just Analytics. “Our companies share a similar culture by differentiating ourselves through Fanatical Experience™ extensive technical training and certifications combined with unsurpassed relationships with key partners based on our capabilities, culture, and EXECution for customers.”

Rackspace Technology will keep the Just Analytics brand for the foreseeable future as the company has built a well-known and respected brand among the leaders and customers of Microsoft Azure Data Analytics.

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.