San Antonio, Nov. 14, 2022 (GLOBE NEWSWIRE) — Rack Space Technology® (NASDAQ: RXT) — A leading end-to-end multi-cloud technology solutions company, announced today that it has been rated a 7 by Information Services Group (ISG), a leading global technology research and consulting firmth several consecutive quarters.
According to the Q3 2022 Global ISG Index™, Rackspace Technology is one of the leading suppliers in breakout 15 categories globally, in the Americas and EMEA based on annual contract value (ACV) won over the past 12 months.
For the 80th consecutive quarter, the ISG Index™ now provides an independent quarterly review of the latest sourcing industry data and trends. Every quarter it lists Big 15 (over $10 billion in revenue), Building 15 ($3 billion to $10 billion in revenue), Breakthrough 15 ($1 billion to $3 billion in revenue), and Booming 15 (Revenue or less than $1 billion) in the Americas, EMEA and Asia Pacific categories. Each of the top 15 categories includes vendors competing in the traditional procurement market, as well as vendors competing in the as-a-service market, including IaaS and SaaS vendors.
“Rackspace Technology is honored to receive the ISG Procurement Excellence Award for the 7th consecutive quarter globally. With a multi-cloud portfolio and a customer-first and cloud-first approach, we can achieve business outcomes and capabilities at scale across all clouds,” Global Alliances and Partnerships Adrianna Bustamante, vice president of partnerships, said. “Our partner ecosystem is a core strength, and we will continue to grow and invest to best support our partners and their customers.”
Rackspace Technology launches new products and service offerings in a timely manner to help customers get the most from their cloud investments. The Rackspace Technology Elastic Engineering model is rapidly gaining adoption and has expanded into several new areas. In addition, the company launched Rackspace Data Freedom, a new storage service based on powerful technology developed by Rackspace to help customers manage costs across multiple cloud platforms.
Rackspace Technology’s inclusion in the ISG Index™ is based on the company’s quarterly submissions to the ISG.
“The ISG Index™ is recognized as the authoritative source of market intelligence for the global technology and business services industry,” said Paul Reynolds, chief research officer at ISG. “Rackspace Technology continues to establish itself as a leading and growing player in the global multi-cloud services market based on business volumes associated with other industry providers.”
About ISG
ISG (Information Services Group) (NASDAQ: III) is a leading global technology research and consulting firm. As a trusted business partner to more than 800 clients, including more than 75 of the Fortune 100, ISG is committed to helping businesses, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The company specializes in digital transformation services, including automation, cloud and data analytics; procurement consulting; managed governance and risk services; network operator services; strategy and operational design; management replacement; market intelligence and technology research and analysis. Founded in 2006 and headquartered in Stamford, Connecticut, with more than 1,300 digitally-enabled professionals in more than 20 countries, ISG is a team known for its innovative thinking, market presence, deep industry and technology expertise And a global team known for its world-class research and analysis capabilities based on the industry’s most comprehensive market data. For more information, visit www.isg-one.com.
About Rackspace Technologies
Rackspace Technology is a leading end-to-end multi-cloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, regardless of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
Media Liaison
Natalie Silva
publicrelations@rackspace.com
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/203d91d6-b29e-4871-993a-c4eba535bc2b