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Rackspace Virtually Unchanged on Unveiling New Product

Rackspace Virtually Unchanged on Unveiling New Product

Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the launch of the Rackspace Cloud Management Platform, which includes next-gen upgrades to the Rackspace Managed Cloud offering.

“The platform provides customers,” read this morning’s news release, “with a single robust framework that leverages best-in-class AI-enabled tools, empowering organizations to streamline workload operations, accelerate digital transformation, and more efficiently manage modern hybrid and multi-cloud environments.

In addition to providing customers with full-stack observability, intelligent application optimization, and adherence to stringent Service Level Agreements (SLAs), these enhancements deliver a flexible consumption-based model, with a significantly lower barrier to entry. The platform also integrates agile and DevOps methodologies that can support the increased operational efficiencies, scalability, and resilience of hybrid cloud environments.

"These next-generation upgrades are a significant enhancement to our services portfolio that provides customers with more insight into their cloud environment, greater efficiency, and the freedom to innovate fearlessly," said President D K Sinha.

"With intent-driven automation and a flexible support model, the Rackspace Cloud Management Platform can adapt to our customers’ needs, managing hybrid environments efficiently and with ease, enabling them to focus on their strategic growth initiatives.”

RXT shares began Tuesday trading up two cents, or 1.6%, to $1.24.