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Rackspace Technology Recognized as a Leader in Frost Radar: Healthcare Enterprise Cloud Managed Services Providers, 2024 for Growth Potential and Innovation in Healthcare Enterprise

June 12, 2024

Rackspace Technology Recognized as a Leader in Frost Radar: Healthcare Enterprise Cloud Managed Services Providers, 2024 for Growth Potential and Innovation in Healthcare Enterprise

Designation awarded for providing top-tier services in infrastructure, IT performance, application and service management, cybersecurity, data management, and process optimization

San Antonio, TX June 12, 2024 – Rackspace Technology® (NASDAQ: RXT) – the leading end-to-end, hybrid multicloud, and AI solutions company, today announced Rackspace is named a Leader in the Frost Radar for Healthcare Enterprise Cloud Managed Service Provider, 2024. Frost & Sullivan screened over 150 managed cloud service providers globally, SELECTing 13 companies based on their growth potential and innovation in the healthcare enterprise-managed cloud services industry. The 13 SELECTed companies are included on the Frost Radar and recognized for offering top-tier services in infrastructure, IT performance, application and service management, cybersecurity, data management, and process optimization. 

“Rackspace Technology stands out in our field due to our extensive experience as an Enterprise Cloud Managed Services Provider. Our Healthcare private cloud, for instance, provides a secure environment for storing, processing, sharing, and analyzing clinical information,” said Brian Lillie, President of Private Cloud for Rackspace Technology. “Our commitment to tailoring the most suitable private or public cloud for specific workloads sets us apart. When partnering with customers, we deeply appreciate the relationships we cultivate and are fully invested in their success.”

The Frost Radar report notes that Rackspace Technology has a strong reputation for managed cloud services, offering solutions across multiple cloud providers and allowing clients to choose the best platforms for their needs. Continuous innovation in Artificial Intelligence (AI), Edge computing, and cybersecurity is essential to stay ahead in the tech industry. Known as a trusted white-label enterprise cloud company, Rackspace Technology is relied upon by business and healthcare organizations worldwide for running mission-critical applications like Epic in the cloud. With the increasing adoption of cloud services globally, Rackspace Technology has growth opportunities by diversifying into emerging technologies and markets and forming partnerships with major cloud providers and other tech companies to expand their service offerings. Rackspace Healthcare Cloud enables secure storage, processing, sharing, and analysis of clinical information, with technology experts helping to SELECT the best cloud options.

In 2023, Rackspace Technology launched several new offerings that led to being recognized in the Frost Radar report, including:

  • October 2023, Rackspace Technology launched Rackspace Managed Cloud (RMC), a comprehensive service for managing cloud environments across AWS, Azure, Google Cloud, Rackspace Private Cloud, and on-premises infrastructure.
  • September 2023, Rackspace introduced Rackspace Intelligent Co-workers for the Enterprise (ICE), a Generative AI system for enterprise applications.
  • August 2023, Rackspace launched a Hosted Private Cloud Generative AI Solution Architecture in collaboration with Dell Technologies and NVIDIA AI.
  • November 2023, Rackspace received the IoT Innovators Award from CRN for its contributions to the real-world data revolution. Rackspace Technology has strategic partnerships.

Click here for the Frost Radar for Global Healthcare Enterprise Cloud Managed Service Provider, 2024 report.

About Rackspace Technology 

Rackspace Technology is a leading end-to-end hybrid, multicloud, and AI technology services company. We 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: Natalie Silva, publicrelations@rackspace.com

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.