SAN ANTONIO, TX – September 8, 2022 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that it has launched a multi-million dollar program – Rackspace Accelerated Migration Program (Rackspace AMP). The industry leading program is designed to help customers move their applications from on-premises or colocation facilities into the private cloud. In addition to financial assistance, the program provides dedicated technical expertise, giving customers who are running workloads on virtual machines (VMs) or bare metal compute better cost efficiency and improved resiliency versus the public cloud.
“With this program, we are meeting our customers where they are, investing in their cloud journey, and providing them with extensive financial support, as well as knowledge and resources, for getting their applications into next generation private clouds,” said Josh Prewitt, Chief Product Officer, Rackspace Technology. “Many organizations are under pressure to lift and shift into the cloud but are wary of managing costs and maintaining control. With Rackspace AMP, we can take care of the move to the private cloud for them, so they can run their systems at a reasonable rate, in a controlled environment, with lifecycle management baked in.”
Understanding that private cloud adoption can be complex and customers need dedicated expertise, Rackspace AMP includes support through Rackspace’s cloud support model, which gives customers on-demand access to a pod of highly skilled engineers. The teams work directly with organizations to develop architecture, plan migrations, automate tasks, improve security and performance, and manage cloud environments.
“We are very proud of the work we have done to bring more organizations into the public cloud, but there are many customers for whom the public cloud may not be the right strategic or financial choice,” added Prewitt. “With this initiative, we are applying the same capabilities that have been recognized as best-in-class by our hyperscaler public cloud partners to the private cloud, helping customers accelerate their digital transformations and elevate their important workloads.”
For more information about the Rackspace Accelerated Migration Program, visit 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.
Media Contact
Casey Shilling
publicrelations@rackspace.com
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.
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.
