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We look at Rackspace’s finances, a Facebook code change causes numerous app issues and electric vehicle company Rivian raises $2.5 billion. Here’s your Daily Crunch for July 10, 2020. The big story: Rackspace is going public again The cloud computing company first went public in 2008, before accepting a $4.3 billion offer to go private […] Continue reading Daily Crunch: Rackspace is going public again
After going private in 2016 after accepting a $32 per share, or $4.3 billion, price from Apollo Global Management, Rackspace is looking once again to the public markets. First going public in 2008, Rackspace is taking second aim at a public offering around 12 years after its initial debut. The company describes its business as […] Continue reading Rackspace preps IPO after going private in 2016 for $4.3B
The criminals responsible for launching phishing campaigns that netted dozens of employees and more than 100 computer systems last month at Wipro, India’s third-largest IT outsourcing firm, also appear to have targeted a number of other competing providers, including Infosys and Cognizant — two other large technology consulting companies, new evidence suggests. Continue reading Wipro Intruders Targeted Other Major IT Firms
Today’s startups have a distinct advantage when it comes to launching a company because of the public cloud. You don’t have to build infrastructure or worry about what happens when you scale too quickly. The cloud vendors take care of all that for you. But last month when Pinterest announced its IPO, the company’s cloud […] Continue reading On balance, the cloud has been a huge boon to startups
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach. A Rackspace spokesperson told TechCrunch that it […] Continue reading Rackspace announces it has laid off 200 workers
SailPoint announced a strategic agreement with Rackspace. The agreement enables organizations to host their identity governance programs in the cloud while leveraging Rackspace’s cloud expertise in helping guide businesses through each phase of their c… Continue reading SailPoint and Rackspace collaborate to deliver cloud-hosted identity governance
An email with the subject of coming from Purchase <ACPM@REAGAN.COM> with a link in the email body that uses a chain to eventually download what looks like some sort of keylogger Update: I am assured this is Agent Tesla Keylogger. I always fin… Continue reading Fake Quote PO ACPM@REAGAN.COM delivers a keylogger
Rackspace today announced that it has acquired RelationEdge, a Salesforce implementation partner and digital agency. The companies did not disclose the financial details of the acquisition. At first, this may sound like an odd acquisition. Rackspace is still best known for its hosting and managed cloud and infrastructure services, after all, and RelationEdge is all […] Continue reading Rackspace acquires Salesforce specialist RelationEdge
Rackspace, which was taken private in a $4.3 billion deal in August 2016 by private equity firm Apollo Global Management, is reportedly in consideration for an IPO by the firm, according to a report by Bloomberg. The company could have an enterprise value of up to $10 billion, according to the report. Rackspace opted to […] Continue reading Rackspace may reportedly go public again after a $4.3B deal took it private in 2016
Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. Read More Continue reading Rackspace acquires Datapipe as it looks to expand its managed services business