Rackspace Technology Named a Top 15 Sourcing Standout by ISG
02 March 2023 - 3:05AM
Rackspace Technology® (NASDAQ:
RXT)— a leading end-to-end, multicloud technology
solutions company, today announced it has been named a Top 15
Sourcing Standout by Information Services Group (ISG), a leading
global technology research and advisory firm, for the 8th
consecutive quarter.
Rackspace Technology was among the leading
providers in the Breakthrough 15 category for the Global, Americas,
and EMEA regions based on annual contract value (ACV) won over the
last 12 months, according to the 4Q 2022 Global ISG Index™.
Now in its 80th consecutive quarter, the ISG Index™
provides an independent quarterly review of the latest sourcing
industry data and trends. Each quarter it names the top 15
commercial providers in the Big 15 (revenues of more than $10
billion), Building 15 (revenues between $3 billion and $10
billion), Breakthrough 15 (revenues between $1 billion and $3
billion) and Booming 15 (revenues of less than $1 billion)
categories in the Americas, EMEA and Asia Pacific regions. Each Top
15 category includes providers that compete in the traditional
sourcing market, as well as those that compete in the as-a-service
market, including IaaS and SaaS providers.
“Rackspace Technology is honored to be
recognized for the ISG Sourcing Standout award for the
8th consecutive quarter globally and in all regions. This is a
testament that businesses’ multicloud approach are imperative to
their overall strategy,” said Adrianna Bustamante, VP, Global
Alliances and Partnerships. “It’s a privilege to carry this
distinction from such a trusted advisory firm.”
Rackspace Technology introduced timely new product
and service offerings that help customers get the most out of their
cloud investment. The Rackspace Technology Elastic Engineering
model is gaining fast adoption and was expanded to several new
areas. In addition, the company launched Rackspace Data Freedom, a
new storage service based on robust Rackspace-developed technology
that helps customers manage their costs across multiple cloud
platforms.
Rackspace Technology’s inclusion in the ISG Index™
is based on data the company submits to ISG each quarter.
“The ISG Index™ is recognized as the authoritative
source for marketplace intelligence on the global technology and
business services industry,” said Paul Reynolds, chief research
officer of ISG. “Rackspace Technology continues to establish itself
as a leading and growing player in the global market for multicloud
services, based on its volume of business in relation to other
industry providers.”
About ISG
ISG (Information Services Group) (Nasdaq: III) is a
leading global technology research and advisory firm. A trusted
business partner to more than 800 clients, including more than 75
of the world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
About Rackspace Technology
Rackspace Technology is a leading end-to-end
multi-cloud technology services company. We can design, build and
operate our customers’ cloud environments across all major
technology platforms, irrespective of technology stack or
deployment model. We partner with our customers at every stage of
their cloud journey, enabling them to modernize applications, build
new products and adopt innovative technologies.
Media ContactNatalie
Silvapublicrelations@rackspace.com
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