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Rackspace prices IPO at low end of range, raises USD 704 million
2020-08-05 08:34:00| Telecompaper Headlines
(Telecompaper) Rackspace Technology has priced its IPO at USD 21 per share, the low end of the indicated subscription range. This puts the gross proceeds of the sale of 33.5 million shares at USD 703.5 million. The underwriters have a 30-day option to purchase up to 5.025 million more shares at the same price.
Rackspace kicks off IPO, to raise up to USD 925 mln
2020-07-27 15:08:00| Telecompaper Headlines
(Telecompaper) Rackspace Technology has kicked off its initial public offering on the Nasdaq market, with plans to raise up to USD 925 million. The initial offering of 33.5 million shares will be sold at a price of USD 21-24 per share, and the underwriters have an option to buy another 5.025 million shares within 30 days at the same price.
Rackspace Technology and Telarus expand global partnership in EMEA
2020-07-20 03:10:07| The Webmail Blog
Rackspace Technology and Telarus expand global partnership in EMEA nellmarie.colman Sun, 07/19/2020 - 20:10 The Rackspace Technology Partner Program helps all types of businesses from advisors, digital agencies, app designers and developers, to MSPs and VARs empower their customers to embrace technology and deliver the future. In January, we announced that we would be expanding this mission globally in 2020. After several months of scaling and serving our regions with program enhancements, were proud to announce an important partnership acceleration. Telarus, the largest privately held technology services distributor (master agent) in the U.S., will be leveraging Rackspace Technology in the UK and EMEA. This means Telarus partners in these regions will now be able to leverage Rackspace Technology expertise and award-winning leadership across cloud optimization, cloud security, cloud native enablement and data modernization. Telarus is very excited about the expansion of our partnership with Rackspace Technology into the UK and EMEA markets to provide access to their products, services and excellent support for their customers. Koby Phillips Vice President of Business Development Cloud, Telarus Through a dynamic agent-partner community, Telarus sources data, voice, cloud and managed services, with a robust portfolio of over 250 leading service providers. They are best known for their home-grown software pricing tools and mobile apps, with industry-leading support for cybersecurity, SD-WAN, cloud, mobility, contact center and ILEC specialty practices. Rackspace Technology has seen huge growth in the U.S. with the channel model, and we are excited to help Telarus launch the channel model in EMEA. We are already seeing the interest in the partner ecosystem, as they recognize how partnering with Telarus and Rackspace Technology will allow them to bring more value helping their customers with multicloud. Michael Stephens Agent Channel Chief, Rackspace Technology Rackspace Technology and Telarus UK are hosting a Virtual Sales Immersion event on August 18 to educate our partners about the multicloud market, how Rackspace Technology helps customers achieve their business goals and how to engage in conversations with customers. If youre a Rackspace Technology or Telarus partner, please reach out to Vicki Patten at Vicki.Patten@rackspace.com to register for this live, online event. Rackspace Technology and Telarus expand global partnership in EMEATelarus partners in the UK and EMEA can now leverage Rackspace Technology expertise across cloud optimization, cloud security, cloud native enablement and data modernization. Add multicloud services to your portfolio/partnersStart here Professional ServicesCloud InsightsLisa Heritage McLinRackspace Technology and Telarus expand global partnership in EMEAJuly 20, 2020
Tags: technology
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Rackspace starts preparation for new IPO
2020-07-13 08:42:00| Telecompaper Headlines
(Telecompaper) Rackspace Technology has started preparations for a new initial public offering. The company said it has filed a registration statement with the Securities and Exchange Commission for a listing on the Nasdaq Stock Market but did not specifiy how many shares will be offered or for how much.
Tags: starts
preparation
ipo
rackspace
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