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The first small startup I worked for used Rackspace and I really liked their service, but I thought they died off over a decade ago.
by kgwxd 4y ago
The first small startup I worked for used Rackspace and I really liked their service, but I thought they died off over a decade ago.
- toomuchtodo 4y agoGot bought by private equity Apollo in 2016, usual squeeze story, ceo replaced by someone pure finance 2 months ago. Dying cow being milked by its owner.
- trynewideas 4y agoSources: https://www.crn.com/news/cloud/rackspace-again-a-public-company-after-disappointing-ipo https://www.crn.com/news/cloud/rackspace-again-a-public-comp... https://www.marketwatch.com/story/apollo-backed-rackspace-promotes-cfo-to-ceo-2022-09-26 https://www.marketwatch.com/story/apollo-backed-rackspace-pr... Under the prior CEO they were also considering selling off parts of their business: https://www.computerweekly.com/news/252518110/Rackspace-mulls-over-business-unit-sell-off-following-strategic-review-of-company https://www.computerweekly.com/news/252518110/Rackspace-mull...
- Thaxll 4y agoThey missed the cloud train 12 years ago or so.
- woleium 4y agothey have been buying cloud services companies like Onica for a while though
- mdasen 4y agoI looked up their numbers and was surprised. DigitalOcean got $533M in revenue over the past year while Rackspace did $3.1B. It looks like Rackspace's revenue is 5.8x that of DigitalOcean. Cloudflare's revenue is $894M. Even Akamai is only $3.6B in revenue. AWS is much larger (in the $70-80B per year range, it was $71B for 2021), but it looks like Rackspace is still pulling in a sizable amount of revenue compared to a lot of places.
- KomoD 4y agoBut then again, revenue isn't everything.