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Rackspace Technology underpins iPensions Group’s ambitious innovation and digital transformation strategy

July 6, 2021

Rackspace Technology underpins iPensions Group’s ambitious innovation and digital transformation strategy

Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market.

London, United Kingdom – 6 July, 2021: Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has today announced that it is providing backbone private cloud infrastructure and security solutions to iPensions Group, supporting its ambitious plan for modern and innovative technology development.

iPensions Group brings deep technical knowledge and high-calibre service to the pensions sector and provides a range of self-invested personal pensions for UK and non-UK residents. Over the last four years the company invested significantly in its in-house technology capabilities, designing and developing a highly scalable pension platform architecture. The technology-focused enhancements deliver automations for enhancing process digitisation and improving customer journey and experience.

iPensions Group chose Rackspace Technology as its preferred private cloud solution provider given its excellent reputation, expertise and 24×7 support.

Rackspace Technology provides scalable infrastructure and security solutions for iPensions Group’s digital platforms and client solutions. Long term engagement with Rackspace Technology allows iPensions Group to focus on innovation and development of the business.

Hrishi Kulkarni, Director & Group Chief Technology Officer at iPensions Group, said: “With significant growth plans and increase in demand for our digital services, we needed a trusted partner to provide a robust, reliable and agile infrastructure. Rackspace Technology gives us all the support we need as we scale, and its expertise allows our team to focus on building the digital solutions our customers demand. From our adaptability to our security, Rackspace Technology is enhancing all our technological operations and, in turn, the overall user experience and confidence.”

Tim Lovejoy, VP Private Cloud and Government at Rackspace Technology, said: “iPensions Group’s transformation into a digital business has placed innovation and user experience at its heart, with the new platform offering massive time-savings and an improved customer experience. As its team focuses on using this new platform to find better solutions to meet changing customer demands, we look forward to how we can further support its ambitions to scale and innovate by exploring new possibilities such as multicloud.”

About Rackspace Technology

Rackspace Technology is a leading end-to-end multi-cloud 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 iPensions Group

iPensions Group brings deep technical knowledge and high-calibre service to the pensions sector. With a clear focus on technology and innovation backed by a strong set of values, they evolve services to ensure offering is as robust tomorrow as it is today. By continually enhancing expertise they lead the pensions market and are renowned for building long-term client relationships founded on dependable, specialist support.

iPensions Group Limited is registered in England and Wales with company number 03683070 whose registered office is at 2nd Floor Marshall House, 2 Park Avenue, Sale M33 6HE. Authorised and regulated by the Financial Conduct Authority. Licence number 464521.

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.