Rackspace, one of the founding companies behind OpenStack, is said to be close to a deal with Apollo Global Management to bring the company private at a value of between $3.4 billion and $4 billion. Rumors swirled around the company in 2014, but the company reportedly couldn’t get the price it was looking for, said to be in the neighborhood of $6 billion.
Since then, Rackspace has changed its market strategy, exiting the commodity cloud business and focusing on “managed services”, in which customers pay for resources and for the “fanatical support” the company is known for. That “fanatical support” is now also offered for AWS and Azure. This week Rackspace also sold its Cloud Sites premium hosting business, which is separate from its cloud services and involves sites that start at $150/month, to Liquid Web for an undisclosed sum.
- Is Cloud Provider Rackspace Going Private?
- Is the Sale of Rackspace a Done Deal?
- Rackspace Nears a Private Equity Buyout, Report says
- Rackspace nears buyout; Going private could boost cloud managed services effort
- Rackspace on the verge of private equity buyout | SiliconANGLE
- Apollo Is Negotiating a Deal to Buy Cloud Company Rackspace
- Rackspace warns of hit to UK business in H2 | TechMarketView
- Rackspace Q2 report; Cloud Sites business sold to Liquid Web, no other strategic news
- Rackspace sells Cloud Sites business to Liquid Web
- Rackspace expands its managed security services to Microsoft’s Azure cloud
- Rackspace manages security across clouds
- Come Hear What We’ve Learned at OpenStack Days: Silicon Valley
- 4 Winners and 3 Losers in Gartner’s Magic Quadrant for IaaS
- Rackspace Reaches OpenStack Leadership Milestone, Six Years and One Billion Server Hours
- Why OpenStack is Best as a Service