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Rackspace Technology Expands Strategic Relationship with AWS

February 24, 2022

Rackspace Technology Expands Strategic Relationship with AWS

Rackspace Technology Expands Strategic Relationship with AWS

Multiyear strategic collaboration agreement drives customer value and innovation, and strengthens AWS’s position as Rackspace Technology’s preferred cloud provider

SAN ANTONIO, TX – February 24, 2022 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multi-cloud technology solutions company is extending its Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) with an additional multi-year joint investment to drive customer value and innovation. The expanded agreement comes after Rackspace Technology’s AWS business has grown by 250% over the past 3 years and was named 2021 AWS Migration Partner of the Year (US & Canada). 

“AWS and Rackspace Technology have jointly launched over 1,000 cloud projects enabling clients to fundamentally change how their businesses work,” said Neil Emerson, Chief Commercial Officer at Rackspace Technology. “This agreement continues the commitment of both companies together to provide a full stack of cloud services to assist customers with becoming cloud-first businesses to accelerate their digital transformation, innovate faster, and create value. With AWS’s renowned customer obsession and the Rackspace Fanatical Experience™, we share a common culture of delivering the right outcomes for our clients.”

The SCA includes investment to help customers accelerate their applications and data modernization initiatives through the global expansion of Rackspace Technology’s Modernization Center of Excellence, which builds on their years of expertise working with the AWS Migration Acceleration Program (MAP). The two companies also will collaborate to help customers embrace a cloud-built approach by expanding Rackspace Technology’s Elastic Engineering, a service designed to help customers build and operate modern cloud environments while delivering ongoing innovation and transformation, in addition to world-class 24x7x365 operations.

In addition, AWS and Rackspace Technology also have established dedicated teams across both companies to support customers with AWS-specific strategy, cloud-built development, containers, application modernization, data, and workload management.

Rackspace Technology has over 2,000 AWS customers and 1,000+ dedicated AWS professionals. Their commitment to customer success is demonstrated by 81 published AWS case studies, and 15 AWS Competencies and 13 AWS Service Delivery designations elevate the company’s ability to provide expertise across the full spectrum of cloud services on AWS. In addition, Rackspace Technology holds 2,500+ AWS accreditations.

Now more than ever, customers need to accelerate their journey to the cloud. Rackspace Technology helps customers realize the power of the cloud faster by delivering end-to-end services including advisory, design, migration, management, and optimization across applications, data, and security.

To learn more about the AWS and Rackspace Technology collaboration, click 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.

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.