Rackspace Technology, Inc. (RXT) Sector
Information Technology

(Current) $1.45
-0.01 (-0.68%) Open Price: 1.44

Rackspace Technology, Inc. is a leading cloud computing and managed hosting company that provides a range of IT solutions and services to businesses around the world. The company was founded in 1998 by three Trinity University students - Graham Weston, Pat Condon, and Dirk Elmendorf - in San Antonio, Texas, USA. It initially started as a small web hosting and internet services provider called Cymitar Technology Group and later changed its name to Rackspace in 1999.

Rackspace is primarily known for its expertise in managing and optimizing cloud infrastructure, offering solutions that include public cloud management, private cloud hosting, multi-cloud deployment, and managed cloud services. They also provide services related to data migration, security, application management, and e-commerce hosting, among others.

The company has evolved over the years and has built strategic partnerships with major cloud providers like Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and others. Rackspace helps businesses navigate complex cloud environments, providing technical support and guidance to optimize their cloud operations and drive innovation.

In addition to its core cloud services, Rackspace also offers specialized solutions for various industries, including healthcare, financial services, retail, and government. The company's customer base spans across multiple sectors, ranging from startups to large enterprises, and its global presence allows it to serve clients worldwide.

(05/08/25) $1.44
(05/09/25) $1.46
(05/09/25) (Qty.)1,065,050
(05/08/25) $1.43
(05/08/25) $1.54
(04/13/25) $1.24
(02/16/25) $3.03
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