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Rackspace Technology and Pure Storage Drive Multicloud Strategies for Customers

August 21, 2020

Rackspace Technology and Pure Storage Drive Multicloud Strategies for Customers

Rackspace Technology and Pure Storage Drive Multicloud Strategies for Customers 

SAN ANTONIO– August 21, 2020 – Rackspace Technology™ (NASDAQ: RXT) today announced key developments resulting from its partnership with Pure Storage™ (NYSE: PSTG), initially launched in February 2019. The collaboration solidified Rackspace as the largest global Managed Service Provider member of the Pure Partner Program.

Pure Storage is an IT pioneer that delivers customers an ultra-high performance, multicloud storage platform, allowing for a seamless data plane across on-premises and cloud environments. The enterprise IT company delivers a modern data experience that empowers organizations to run their operations in an automated, storage-as-a-service model seamlessly across multiple clouds.

The Pure Storage Evergreen™ model allows customers to add capacity and increase performance on demand non-disruptively as their data management needs evolve allowing for application modernization. The partnership provides customers with fast access to their storage, hybrid-cloud connectivity, and low latency for workloads where performance cannot be compromised. This helps customers get to the cloud and maximize their IT investment by allowing them to seamlessly migrate mission-critical workloads such as eCommerce, databases, disaster recovery, artificial intelligence, machine learning and Internet of Things (IoT) to Rackspace’s infrastructure while maintaining high performance and availability. 

Together, Rackspace Technology and Pure Storage partnered to bring multicloud solutions to many enterprise, commercial, and healthcare customers. In one joint engagement, the companies partnered to serve a global SaaS provider that was trying to do two things in parallel: deliver a more cost-effective infrastructure for the workloads they intended to run on-premises and support their multicloud ambitions.

Through the partnership, Rackspace Technology can provide quotes and marketplace offers for Cloud Block Store on AWS. Cloud Block Store from Pure Storage allows customers to develop, migrate, and run applications in a native cloud environment and leverage a hybrid cloud data plane, delivering enterprise storage capabilities natively in AWS for everything from production to disaster recovery. Pure Storage provides enhanced capabilities for complex database workloads, such as SAP, Oracle, and SQL, and its Splunk SmartStore reduces overhead costs, increases availability, and improves operational efficiencies for healthcare and financial companies.

“Companies increasingly strive to deliver a more cost-effective infrastructure for the workloads they intend to run on-premises while leveraging a partner to support their multicloud ambitions,” said Peter FitzGibbon, VP Strategic Alliance Partnerships, Rackspace Technology. “Through our partnership with Pure Storage and its Pure Evergreen Storage program, we are uniquely positioned to meet customers where they are, enabling them to modernize applications, build new products, adopt innovative technologies, and drive down their total cost of ownership.”

“Partnering with Rackspace Technology has empowered our joint customers to fully embrace the power of both hybrid and multicloud technologies and deliver incredible customer experiences,” said Jack Hogan, VP of Technology Strategy at Pure Storage. “In a time when a multicloud strategy is more of the rule, rather than the exception, we’re excited to combine our industry-leading storage technology and Rackspace Technology’s industry-leading cloud expertise to provide a differentiated solution that empowers customers on their cloud journey.”

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.