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Rackspace - M&A Summary and Business Overview

Information TechnologyCompany

Rackspace M&A Summary

Rackspace has acquired 14 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

Rackspace has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include information technology (47%) and internet software and services (47%).

Rackspace Business Overview

Where is Rackspace headquartered?

Rackspace is headquartered in San Antonio, Texas.

What is Rackspace’s revenue?

Rackspace disclosed revenue of 2,737M USD for 2024 and 2,957M USD for 2023.

How many employees does Rackspace have?

Rackspace has 5,100 employees.

What sector is Rackspace in?

Rackspace is an information technology company.

When was Rackspace founded?

Rackspace was founded in 1998.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Rackspace

Rackspace Technology, Inc.

1 Fanatical Place, City of Windcrest,
San Antonio, Texas 78218
United States,
(210) 312-4000
www.rackspace.com

Rackspace is a provider of cloud computing services and managing hosting services for small and medium-sized businesses and large corporations. Rackspace was formed in 1998 and is based in San Antonio, Texas.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 12 - 1 - - - 13
Sell (0.0/yr) # 2 - - - - - 2
  15
+11013141512.513.514.515.50

Most Recent M&A

Company Date Value Type
Just Analytics 2022-01-18 - Add-on Acquisition
Singapore, Singapore · www.justanalytics.com
Onica Group LLC 2019-11-04 - Add-on Acquisition
Santa Monica, California · www.onica.com
RelationEdge LLC 2018-05-17 - Add-on Acquisition
San Diego, California · www.relationedge.com
Datapipe, Inc. 2017-09-11 - Add-on Acquisition
Jersey City, New Jersey · www.datapipe.com
TriCore Solutions LLC 2017-05-25 - Add-on Acquisition
Norwell, Massachusetts · www.tricoresolutions.com
Mailgun Technologies, Inc. 2017-02-22 - Divestiture
San Antonio, Texas · www.pathwire.com
Rackspace - Cloud Sites Business 2016-08-08 - Divestiture
San Antonio, Texas
Exceptional Cloud Services LLC 2013-03-28 - Add-on Acquisition
San Francisco, California · www.exceptional.io
ObjectRocket, Inc. 2013-02-27 - Add-on Acquisition
Austin, Texas · www.objectrocket.com
Mailgun Technologies, Inc. 2012-08-28 - Add-on Acquisition
San Antonio, Texas · www.pathwire.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Jungle Disk, LLC 2008-10-22 SafetyNet Backup 2017-12-05 3
San Antonio, Texas · www.jungledisk.com San Antonio, Texas · www.safetynet.jungledisk.com

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 6 (46%) - 1 (50%) -
Information Technology 6 (46%) - - -
Software 1 (8%) - 1 (50%) -
Total 13 - 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 - 2 -
  California 5 - - -
  Texas 3 - 2 -
  Missouri 1 - - -
  Massachusetts 1 - - -
  Ohio 1 - - -
  New Jersey 1 - - -
Singapore 1 - - -
Domestic 12 (92%) - 2 (100%) -
Cross-border 1 (8%) - - -
Total 13 - 2 -

Top M&A Advisors

Financial Deals
Evercore Group
 1
BMO Capital Markets
 1

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Information Technology

Revenue

2,737   8% 2024
2,957   6% 2023
3,122   4% 2022
3,010   12% 2021
2,707   12% 2020
2,438   1% 2019
2,453   15% 2018
2,144   2017
2,001   12% 2015
1,794   17% 2014
1,535   18% 2013
1,309   2012
(millions of USD) Show More Show Less

Employees

5,100

Established

1998

Public

NASDAQ: RXT

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