# Rackspace Technology

> Rackspace Technology designs, migrates, secures and operates enterprise cloud, data and AI environments. Its managed services and engineering teams span AWS, Microsoft Azure, Google Cloud and private infrastructure, serving organizations whose applications, compliance requirements and older systems make modernization difficult.

- **Founded:** 1998
- **Headquarters:** San Antonio, United States
- **Founders:** Richard Yoo (Co-founder), Dirk Elmendorf (Co-founder), Pat Condon (Co-founder), Graham Weston (Co-founder and early investor; former CEO and chairman), Morris Miller (Co-founder and early investor)
- **Products:** Managed public cloud, Managed private and hybrid cloud, Rackspace Elastic Engineering, Foundry for AI by Rackspace (FAIR), Rackspace Cloud on VMware Cloud Foundation 9.1
- **Notable:** Helped launch OpenStack with NASA in 2010., Returned to public markets on Nasdaq under RXT in 2020., Wyndham reported 40-45% first-year run-cost savings in a Rackspace-published case study; customer-specific, not a general guarantee.

## Products & services

- **Managed public cloud** — Cloud design, migration, operations and optimization across AWS, Microsoft Azure and Google Cloud.
- **Managed private and hybrid cloud** — Managed infrastructure in Rackspace, customer and third-party data centers, including VMware-based environments.
- **Rackspace Elastic Engineering** — Recurring access to an engineering pod through flexible monthly hours-based tiers for migrations, automation, architecture and operational improvements.
- **Foundry for AI by Rackspace (FAIR)** — AI services organized around Ideate, Incubate and Industrialize, covering readiness, integration, production governance and optimization.
- **Rackspace Cloud on VMware Cloud Foundation 9.1** — Managed multitenant platform for virtual machines, Kubernetes and AI workloads; launch announced August 25, 2026, initially in Dallas.
- **Security, data and application services** — Cyber resilience, data engineering and application modernization alongside managed cloud operations.

## Achievements

- Helped launch OpenStack with NASA in 2010.
- Returned to public markets on Nasdaq under RXT in 2020.
- Wyndham reported 40-45% first-year run-cost savings in a Rackspace-published case study; customer-specific, not a general guarantee.

## Latest updates

- **2026-10** — Announced on October 20 that third-quarter 2026 results would be released after market close on November 9; those results were not yet available as of October 22.
- **2026-09** — Joined NVIDIA Cloud Partner Program and announced Blackwell-based infrastructure for regulated enterprises and governments.
- **2026-08** — Launched Rackspace Cloud on VMware Cloud Foundation 9.1, initially in Dallas.
- **2026-08** — Reported Q2 revenue of $670.1 million, up 0.6%; gross margin was 17.1%, compared with 19.4% a year earlier.
- **2026-06** — Signed AMD agreement for a planned initial 30 MW deployment, phased from late 2026 through 2028.
- **2025-09** — Gajen Kandiah became CEO effective September 3, 2025.

## Links

- Website: https://www.rackspace.com/
- LinkedIn: https://www.linkedin.com/company/rackspace-technology/
- Twitter/X: https://twitter.com/Rackspace
- GitHub: https://github.com/rackspace
- YouTube: https://www.youtube.com/rackspace
- Instagram: https://www.instagram.com/rackspace_technology/
- Facebook: https://www.facebook.com/rackspacetechnology

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Profile page: https://yespress.io/rackspace-technology
Published by YesPress — https://yespress.io
Last updated: 2026-10-22