Acquisition Adds Cloud-Native Expertise, including Application Modernization, Machine Learning, IoT, and Serverless Computing to Help Rackspace Guide Customers Through all Phases of Digital Transformation
SAN ANTONIO – Rackspace® today announced the completion of its acquisition of Onica, an Amazon Web Services (AWS) Partner Network (APN) Premier Consulting Partner and AWS Managed Service Provider. The addition of Onica to the Rackspace team builds upon and expands the company’s professional and managed services portfolio, including expertise in Application Modernization, Machine Learning (ML), Internet of Things (IoT), Containers, and Serverless Computing. With Onica’s cloud-native capabilities, Rackspace will lead some of the world’s most complex technology projects, leveraging the cloud to help customers build new revenue streams, increase efficiency, and deliver incredible experiences.
The addition of Onica strengthens Rackspace’s ability to more fully meet all of its customers’ AWS needs. Onica brings new cloud-native AWS capabilities, competencies and customers to the Rackspace portfolio. This combination allows Rackspace to further move up the stack and enhances its expertise across the full spectrum of cloud services. With Onica, Rackspace now has the most complete set of professional services and managed services in the industry.
Onica also brings innovative professional services capabilities — including strategic advisory, architecture and engineering, and application development — to the Rackspace portfolio, complementing Rackspace’s existing professional and managed services capabilities and global presence.
“The acquisition of Onica will be truly transformative for our customers,” said Kevin Jones, CEO, Rackspace. “The talented Onica team has built an exceptional business that provides unmatched capabilities on AWS. We look forward to building on their success and leveraging our expanded portfolio to more completely serve customers’ needs. We’re excited to officially welcome Onica to the Rackspace family.”
As previously announced, Onica co-founders Stephen Garden and Tolga Tarhan will continue to lead the Onica team. They will report to Sid Nair, General Manager of Americas at Rackspace.
To learn more about Rackspace and Onica while attending AWS re:Invent 2019 in Las Vegas, visit Rackspace at Booth #1637 in the Venetian and Onica at Booth #508 in the Quad at Aria.
Media Contacts
Starr Million Baker
INK Communications Co.
starr@ink-co.com
512-228-2842
John Christiansen / Jenny Gore
Sard Verbinnen & Co
JChristiansen@sardverb.com / JGore@sardverb.com
415-618-8750 / 312-895-4700
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.
