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Rackspace just racked up its biggest acquisition ever

Leon Spencer | Sept. 13, 2017
Acquisition of Datapipe set to bring “important new capabilities” to the managed cloud provider.

It was revealed in August last year that Rackspace had agreed to be taken private by Apollo Global Management in a deal valued at US$4.3 billion, with the tech giant taking its cloud act off the public stage.

In early February this year, the company's then CEO, Taylor Rhodes, revealed via blog post that the company would cut about six per cent of its workforce in areas that have seen slowed growth in recent years.

In May,  Rackspace announced that the company's board of directors had appointed former EMC and HP executive, Joe Eazor, as the company's new CEO, effective 12 June.

As CEO, Eazor is responsible for the company's global strategy and operations, spanning the US and the three other continents where Rackspace maintains offices and data centers, including Australia.

 

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