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Rackspace Technology, Inc. is an American cloud computing company based in Windcrest, Texas, an inner suburb of 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.
History NASA's Nebula platform. In July 2010, Rackspace Hosting and NASA announced an open-source cloud-software initiative known as OpenStack. The mission statement was "to produce the ubiquitous Open Source Cloud Computing platform that will meet the needs of public and private clouds regardless of size, by being simple to implement and massively scalable".
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.
Shares of Rackspace Hosting (NYS: RAX) jumped 12% overnight and have gained a spectacular 25% since last Thursday. Not only did Mr. Market bid the stock up in anticipation of a terrific second ...
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