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Rackspace Technology Signs UK Armed Forces Covenant, Reinforcing Commitment to Veterans and the UK Public Sector

December 19, 2024

Rackspace Technology Signs UK Armed Forces Covenant, Reinforcing Commitment to Veterans and the UK Public Sector

Pledge highlights Rackspace dedication to supporting those who serve or have served in the Armed Forces, and their families

London, UK – December 19, 2024 – Rackspace Technology® (NASDAQ: RXT), a leading provider of end-to-end hybrid, multicloud and AI technology solutions, is proud to announce its formal commitment to the UK Armed Forces by signing the Armed Forces Covenant. This pledge highlights Rackspace Technology’s dedication to supporting those who serve or have served in the Armed Forces, and their families.

The Armed Forces Covenant ensures that those who serve or have served in the armed forces, and their families, are treated fairly. By signing this Covenant, Rackspace Technology pledges to uphold the key principles of the Covenant, supporting the employment of veterans, service spouses, and partners, and offering flexibility in leave for service duties.

Rackspace Technology’s employee resource group, RackVet, plays a crucial role in supporting veterans and their families, fostering a community of mutual support and professional development. The company’s ongoing initiatives include dedicated recruitment efforts for veterans and reservists, partnerships with military charities, and the development of tailored support programs to help former service members transition to civilian careers in technology.

“As a veteran, I understand the unique skills and experiences that service members bring to the civilian workforce,” said Brian Lillie, Rackspace Technology President of Private Cloud, and former US Air Force Officer. “Our commitment to the Armed Forces Covenant, combined with the launch of Rackspace UK Sovereign Services, demonstrates our dedication to meaningful support for the UK military community and technological excellence.”

The signing of the Armed Forces Covenant coincides with the recent launch of Rackspace UK Sovereign Services, an innovative suite of services designed to meet the specific needs of the UK public sector and regulated industries. This alignment underscores Rackspace Technology’s commitment to providing secure, sovereign, and scalable solutions while also honoring the nation’s service personnel.

Rackspace Technology’s ongoing initiatives include dedicated recruitment efforts for veterans and reservists, partnerships with military charities, and the development of tailored support programs to help former service members transition to civilian careers in technology. The company’s employee resource group, RackVet, plays a crucial role in supporting veterans and their families, fostering a community of mutual support and professional development.

For more information about Rackspace Technology’s commitment to the UK Sovereign Services click here.

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.