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"Through innovation and dedicated focus on Fanatical Support, Rackspace continues to hold its position as the world's leader in hosting," said Lanham Napier ...View Full Article
Emil Sayegh, Rackspace's general manager for cloud storage, said there's an important but poorly understood difference between the types of cloud computing ...View Full Article
San Antonio, Texas - (The Hosting News) - May 26, 2009 - Web hosting provider, Rackspace Hosting, has unveiled a major release with updates for its ...View Full Article
Jason Luce, Vice President of Finance for Rackspace, will present at the RBC Capital Markets Technology Conference in San Francisco on Tuesday, June 9, ...View Full Article
Message from the Owner of Rackspace
Rackspace Hosting, History, Latest News and Developments
New Rackspace Logo
In 1996, Richard Yoo started a small ISP out of his garage apartment called Cymitar Network Systems in San Antonio, Texas. Quickly, this company began to provide application development work, in addition to basic internet access and web hosting. In 1997, Yoo brought on Dirk Elmendorf and the company formally began to develop internet applications as its primary business and a new company was formed called Cymitar Technology Group. As Cymitar Technology Group grew, Patrick Condon was recruited from California and joined the team in 1998. Coincidentally, all three were students at one time at Trinity University in San Antonio.
Old Rackspace Logo
Although they began as application developers for end-users, they found that most companies did not know how to host their applications, or did not want to be involved in the hosting. They wanted to keep their focus on the application development, not the hosting, but they were unable find an opportunity to outsource the hosting work. Eventually, the three men realized that it would be better to make a product out of the hosting need, and launch it as a company. Rackspace was created and launched in October 1998 with Richard Yoo as its CEO. The beginnings of Rackspace Fanatical Support started once Rackspace realized that no company at the time could fulfill their unique requirements. Most companies focused on the technology end of hosting, but much less on service and support. On March 28, 2000, Rackspace received funding through Sequoia Capital.
In January 2008, Rackspace went through a rebranding and changed from, Rackspace Managed Hosting, to simply, Rackspace. The company tagline became, Experience Fanatical Support, rather than the older Managed Servers Backed By Fanatical Support. The new Logo and service marks keep the same colors as the original logo, but the overall design changed drastically.
Rackspace News, Information, History, Computer Science, Technology, Cloud Hosting
Rackspace® Hosting (NYSE:RAX), the world’s leader in hosting, today announced that TweetPhoto has chosen Cloud Sites™ and Cloud Files™ from Mosso | The Rackspace Cloud to support their innovative new social media photo sharing site. TweetPhoto, which has announced that they are launching in Beta today, is expected to bring a new level of functionality and bandwidth-intensive features to photo sharing while addressing the performance challenges experienced with other photo sharing services.
As with other social media services and the viral nature of online photos, TweetPhoto is expected to experience unpredictable and massive swings in traffic patterns – making the Mosso | The Rackspace Cloud approach to providing worry-free scaling and unlimited storage an attractive solution.
“The photo sharing experience on Twitter and Facebook is begging for a transformation. TweetPhoto on Cloud Sites and Cloud Files will allow users to easily upload as many photos as they want and automatically share them with Twitter followers and Facebook friends,” said Rodney Rumford, co-founder of TweetPhoto. “TweetPhoto is a simple to use tool that utilizes cloud hosting solutions from Mosso | The Rackspace Cloud to scale massively while providing reliable uptime and unlimited storage for end users. Coupled with Rackspace’s unmatched customer support, we’re confident that the cloud technology will be virtually invisible and a non-issue for us and our users.”
Rackspace is the world’s leader in hosting. We deliver enterprise-level managed services to businesses of all sizes and kinds around the world. Serving more than 31,000 customers in eight data centers worldwide, Rackspace integrates the industry’s best technologies and practices for each customer’s specific need and delivers it as a service via the company’s commitment to Fanatical Support. We serve as an extension of our customers’ IT departments, enabling them to focus on their core business. We got started in 1998 and since then Rackspace has grown more than 50 percent a year. There are currently over 2,000 Rackers around the world serving our customers.
Rackspace Hosting, Inc. (Rackspace Hosting) delivers Websites, Web-based information technology (IT) systems, and computing as a service.
Rackspace is a hosting industry leader with ‘07 revenue of $362m. While the hosting industry is anticipated to grow to $24.4 billion in 2010 from $12.4 billion in 2007 at a 26% CAGR, we anticipate RAX to outpace the industry with a 34% revenue CAGR over the same time period. Rackspace’s customer base is well diversified with no customer accounting for more than 1% of revenue, which enables the company to take advantage of more profitable SME deals and benefit from the continuing outsourcing trend…Down from its $12.50 IPO price, we anticipate near term pressure on the shares as its Feb. 7th lock-up expiration approaches. 121m shares are outstanding, but only about 13% remain sellable; therefore the possibility of insider sales may add additional pressure to the shares. We expect a subsequent rebound in the shares.
Piper Jaffray Initiates Coverage on Rackspace (RAX) with a Buy; View as Core Long-Term Holding
Piper analyst says, “Rackspace is the economic recovery play in telco. As soon as small business formation begins, Rackspace revenues will accelerate. We believe Rackspace offers new businesses the fastest, least asset and employee intensive, and most flexible way for new businesses to get up and running – or for bigger businesses to expand their offerings. We View Rackspace as a core longer-term holding; given the economic sensitivities of the business we believe investors should build positions, especially on pullbacks. We view this as a 12-month stock call.”
Rackspace has clients worldwide, and an EMEA (Europe, Middle-East & Africa) division; which includes offices and data centres in the USA, United Kingdom, The Netherlands and Hong Kong. Rackspace is registered in the UK as Rackspace Ltd., and employs around 400 people, at two offices (in Uxbridge, Middlesex) and three data centres (in and around London) as of 2008. The company opened a fourth UK data centre in Slough, Berkshire in the second quarter of 2008. Rackspace UK has appeared in The Sunday Times best companies awards 2007, and was in the top 50 UK workplaces as seen in the Financial Times.
A few well-known large organisations using Rackspaces UK hosting services include OnSpeed, Confused.com, The Army, Vue, Renault and online publication The Register. Rackspace Benelux in Amsterdam opened its offices in October 2007. It has won several high-profile customers such as LogicaCMG, Exact Software and CapGemini.
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