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Rackspace history
Rackspace company history timeline
Rackspace was launched in October 1998 with Richard Yoo as its CEO. Although most hosting companies focused on the technology end of hosting, Rackspace created its "Fanatical Support" offering to focus on service and support.
On March 28, 2000, Rackspace received funding through lead investor Norwest Venture Partners and Sequoia Capital.
Fast forward to 2006, when Amazon launched the first big multi-tenant public cloud.
Rackspace's Chairman, Graham Weston, owned the Montgomery Ward building in the mall until 2006 when it was sold to a developer.
On August 8, 2008, Rackspace opened for trading on the New York Stock Exchange under the ticker symbol "RAX" after its initial public offering (IPO) in which it raised $187.5 million.
In 2008, Rackspace moved its headquarters from a building once occupied by Datapoint Corporation to the then-unoccupied Windsor Park Mall in Windcrest, Texas.
Fortune's "Top 100 Best Companies to Work For 2008" placed Rackspace as No.
In August 2016, it was confirmed that Apollo Global Management had reached an agreement to buy the company for $4.3 billion.
The sale was completed in November 2016 and Rackspace officially ended trading on the New York Stock Exchange on November 3, 2016.
In May 2017, CEO Taylor Rhodes announced he was leaving the company on May 16 to work for a smaller private company in a different city.
In June 2020 it changed its name to Rackspace Technology.
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Zippia gives an in-depth look into the details of Rackspace, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Rackspace. The employee data is based on information from people who have self-reported their past or current employments at Rackspace. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Rackspace. The data presented on this page does not represent the view of Rackspace and its employees or that of Zippia.
Rackspace may also be known as or be related to RACKSPACE HOSTING INC., Rackspace, Rackspace , INC., Rackspace Hosting Inc, Rackspace Hosting, Inc., Rackspace Technology, Inc. and Rackspace, The #1 Managed Cloud Company.