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Rackspace Technology, Inc. Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Blacksburg, Virginia and Austin, Texas, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, [3] Germany, Singapore, Mexico and Hong Kong.
March 4, 2006. Parent. Rackspace. The original Mosso logo. The Rackspace Cloud is a set of cloud computing products and services billed on a utility computing basis from the US-based company Rackspace. Offerings include Cloud Storage (" Cloud Files "), virtual private server (" Cloud Servers "), load balancers, databases, backup, and monitoring.
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Mailgun Technologies, Inc. was acquired by Rackspace in 2012 [3] and in 2013, Mailgun launched their first email validations product. [4] In 2017, Mailgun Technologies Inc became an independent company, leaving Rackspace with $50M in growth capital from Turn/River Capital with participation from Scaleworks and Rackspace.
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Rackspace Hosting (NYS: RAX) carries $70 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
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