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Rackspace Technology Announces Enhanced Full-lifecycle Cloud Native Development Capabilities to Help Customers Build Modern Applications

Rackspace Technology Announces Enhanced Full-lifecycle Cloud Native Development Capabilities to Help Customers Build Modern Applications

Rackspace Technology Announces Enhanced Full-lifecycle Cloud Native Development Capabilities to Help Customers Build Modern Applications

SAN ANTONIO – June 22, 2021 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today enhanced full-lifecycle Cloud Native Development (CND) Professional Services capabilities to the Rackspace Technology portfolio that help customers build modern applications.

The enhanced full-lifecycle CND capabilities help customers develop modern applications that take advantage of cloud native technologies and microservices architectures.  From ideation and user experience design to development and deployment, Rackspace Technology works alongside our customers to re-engineer their legacy applications and build new modern applications that maximize the agility, reliability and cost-saving benefits of the cloud.

Rackspace Technology delivers unmatched CND capabilities by leveraging reusable patterns and defined best practices from two decades of expertise across various industries from healthcare and life sciences to transportation and logistics, that are driving cloud native adoption. In addition, with specialization in .NET to .NET Core, cloud native SaaS platforms and a proven framework for monolith to microservices decomposition, Rackspace Technology accelerates customers’ modern application adoption.   

“Our engineering expertise in cloud native technologies, cloud platforms, modern architectures, tools, and programming languages, enables us to efficiently deliver the best outcomes for customers,” said Amir Kashani, VP, Cloud Native Development & IoT Solutions at Rackspace Technology. “We’re the ideal combination of strategic consulting and engineering excellence which allows us to deliver business outcomes and help our customers innovate.”

Rackspace Technology developed new paths to help customers on their journey to cloud native through services that range from assessment and advisory to enablement and modernization at scale. Ultimately, the outcome for customers is to have a SELECTion of services based on their readiness to adopt, so they plan their modernization roadmap with confidence.

To learn more about Rackspace Technology CND click here.

Customer Use Case

Innovyze’s industry-leading software empowers thousands of water utilities around the world. Historically a desktop product business with on-premises software, Innovyze wanted to address the real-time operational needs of utilities by extending the capabilities of their offerings through a cloud-based platform. They were looking for an equally skilled partner to work hand-in-hand with their teams to help them hit aggressive timelines. The company turned to the cloud native development team at Rackspace Technology to help them deliver their new SaaS solution, Info360.com.

“Working with Rackspace Technology helped our team achieve our goals on an immense project on a tight timeline. Our utility customers vary widely in size and infrastructure, and Rackspace Technology has helped us deliver a highly sophisticated platform where we can seamlessly onboard new customers and lower the barrier to entry for new municipalities,” said Rick Gruenhagen, CTO of Innovyze. “Our customers can use real-time 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.”

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.