Rackspace Technology, Inc. is a publicly owned American company founded in 1998 and headquartered in Windcrest, Texas. Employing approximately 7,880 people, the company provides IT services and IT consulting. Its primary focus is cloud computing.
On September 15, 2025, Amar Maletira, former Chief Executive Officer, sold 1,780,619 shares in Rackspace Technology for $2,403,836. This transaction was reported in a Form 4 filing with the SEC. A change in licensing for Terraform, a widely used cloud infrastructure tool, to a more restrictive Business Source License (BSL) was also reported.
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Rackspace Technology offers 4 products in the enterprise tech and telecoms tech industries. Rackspace Technology's product portfolio comprises of enterprise security and generative AI.
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Rackspace Technology's customers primarily consist of financial Services and hospitals and Health Care companies. Examples of Rackspace Technology's customers include CNWL NHS Foundation Trust and Moody's Analytics. Rackspace Technology has partners like Amazon Web Services (AWS).
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