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Rackspace announces it has laid off 200 workers

sudshr47 March 1, 2019

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 […]

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Recent departures hint at turmoil at Quartet Health, a mental health startup backed by GV

sudshr47 October 6, 2018 Startups

Quartet Health, a startup backed with nearly $100 million from GV, Oak HC/FT and more, has quietly lost its COO, CPO and replaced its CEO this month.

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Rackspace acquires Salesforce specialist RelationEdge

sudshr47 May 17, 2018 Startups

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 […]

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Rackspace may reportedly go public again after a $4.3B deal took it private in 2016

sudshr47 March 27, 2018

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 […]

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Cloud infrastructure vendors begin responding to chip kernel vulnerability

sudshr47 January 4, 2018

Several cloud vendors began responding to the chip kernel vulnerability that has the industry reeling today. Each Infrastructure as a Service vendor clearly has a stake here because each one is selling CPU cycles on their platforms. TechCrunch se…