Rackspace US, Inc.
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Rackspace US, Inc. - overview
Established
1998
Location
San Antonio, TX, US
Primary Industry
Software
About
Based in Texas, US, and founded in 1998 by co-founders Dirk Elmendorf, Graham Weston, Pat Condon, and Richard Yoo, Rackspace US, Inc. operates as a provider of cloud-based computing services such as managed hosting, compliance solutions, database administration, and enterprise application management. In January 2023, DataStax, Inc. , a portfolio company of Rackspace US, Inc.
, Sequoia Capital, and Rokos Capital Management, acquired Kaskada, Inc. from Bessemer Venture Partners, Founders' Co-op, NextGen Venture Partners, Voyager Capital, and Walnut Street Capital. As of 2024, the company is led by its CEO, Amar Maletira. The firm trades on NASDAQ under the ticker symbol RXT.
The company provides a wide range of cloud-based solutions for various industries, including financial services, government, healthcare, retail, education, consumer goods, oil and gas, food and beverage, and travel and hospitality. Additionally, the firm offers services for cloud, applications, data, security, and AI solutions.
Current Investors
Abry Partners, Apollo , Searchlight Capital Partners
Primary Industry
Software
Sub Industries
Application Integration Software, Analytics & Performance Software
Website
www.rackspace.com/
Verticals
Cloud Computing, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Rackspace US, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Rackspace US, Inc. | - | ||||||||
| Add-on | Announced | Just Analytics PTE LTD | - | ||||||||
| Add-on | Completed | Bright Skies GmbH | - | ||||||||
| IPO | Completed | Rackspace US, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Onica | - |
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