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RACKSPACE TECHNOLOGY RECOGNIZED AS ONE OF ACHIEVERS 50 MOST ENGAGED WORKPLACES

August 20, 2021

RACKSPACE TECHNOLOGY RECOGNIZED AS ONE OF ACHIEVERS 50 MOST ENGAGED WORKPLACES

RACKSPACE TECHNOLOGY RECOGNIZED AS ONE OF ACHIEVERS 50 MOST ENGAGED WORKPLACES

SAN ANTONIO – August 20, 2021 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its recognition as one of the 2021 Achievers 50 Most Engaged Workplaces® Awards. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces.

“The COVID-19 pandemic presented a myriad of challenges for businesses and their workforce. But these unprecedented times also offered an opportunity for organizations to support their people. Companies that prioritized employee experience, recognition and employee voice have seen increased productivity, higher employee engagement and stronger loyalty,” said Jeff Cates, CEO and president at Achievers. “This year’s 50 Most Engaged winners embody what it means to be a “people-first” business and have proven how the prioritization of employee experience can help an organization withstand even the most difficult of times.”

A panel of 15 esteemed judges comprised of employee engagement academics, industry analysts, thought leaders, journalists, and influencers evaluated the applicants. Winners were SELECTed based on Achievers’ Eight Elements of Employee Engagement®: Accountability & Performance, Belonging, Equity & Inclusion, Culture Alignment, Manager Empowerment, Professional & Personal Growth, Purpose & Leadership, Recognition & Rewards, and Wellbeing.

“Rackspace Technology is honored to be recognized with an Achievers 50 Most Engaged Workplaces® award. We are committed to fostering a workplace where employees develop and sharpen their skills, grow in their careers, and feel valued for their expertise, innovative ideas and a shared approach to solving customer problems,” said Holly Windham EXECutive Vice President, Chief Legal and People Officer, Rackspace Technology. “By putting the power of recognition into the hands of our employees, Achievers helps us celebrate our Core Values that define Fanatical Experience® for our customers: Excellence, Customer-driven, Expertise, Agility and Compassion.”

For more information about Achievers 50 Most Engaged Workplaces®, please visit achievers.com/engaged. Follow the conversations on Twitter at @Achievers or use the hashtag #Achievers50.

About Achievers

Achievers’ employee voice and recognition solutions bring your organization’s values and strategy to life by activating employee participation and accelerating a culture of performance. Achievers leverages the science behind behavior change, so your people and your organization can experience sustainable, data-driven business results. Visit us at www.achievers.com.

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.