Rackspace's Cloud Sites
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Rackspace's Cloud Sites - overview
Location
Windcrest, TX, US
Primary Industry
Internet
About
Rackspace's Cloud Sites delivers customized cloud solutions, focusing on multicloud strategies, data modernization, and security services to enhance operational efficiency for businesses of all sizes globally. Rackspace's Cloud Sites operates as a cloud hosting service, providing diverse cloud-based solutions. Founded by Dirk Elmendorf, Ese Osaghae, Heather Tallinger, Pat Condon, and Richard Yoo, the company is headquartered in Windcrest, US. In August 2016, Liquid Web, a portfolio company of Madison Dearborn Partners, acquired the Cloud Sites hosting business from Rackspace.
The company has completed 1 deal to date, with its most recent deal occurring on 2016-08-08. Rackspace's Cloud Sites specializes in comprehensive cloud solutions designed for various industries. Core offerings include multicloud strategies, data modernization, cloud security, and professional services that facilitate cloud adoption and application modernization. The services address key organizational challenges related to data management and security, while catering to enterprises and small to medium-sized businesses across North America, Europe, and Asia-Pacific.
Rackspace's revenue model is centered on subscription-based services and partnerships that promote long-term client relationships. Clients subscribe to cloud services, paying ongoing fees for features such as data management and security. The pricing model accommodates different service tiers, appealing to a broad clientele, including large enterprises and startups, with flagship services like multicloud strategy and cloud security serving as primary revenue drivers. Rackspace's Cloud Sites is focused on launching new cloud solutions and expanding its offerings into emerging markets.
The company plans to enhance its product suite with additional cloud services and aims to penetrate new geographic regions, specifically targeting Europe and Asia-Pacific by 2024. The recent acquisition of its hosting business by Liquid Web will enable Rackspace to allocate resources efficiently to support these growth initiatives.
Current Investors
Liquid Web, LLC
Primary Industry
Internet
Sub Industries
Website Hosting
Website
www.rackspace.com/en-us/cloud/sites
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Rackspace's Cloud Sites - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Rackspace's Cloud Sites | - |
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