M&A Deal Summary

Rackspace Acquires Jungle Disk

On October 22, 2008, Rackspace acquired information technology company Jungle Disk

Acquisition Highlights
  • This is Rackspace’s 2nd transaction in the Information Technology sector.
  • This is Rackspace’s 2nd transaction in the United States.
  • This is Rackspace’s 1st transaction in Texas.

M&A Deal Summary
Date 2008-10-22
Target Jungle Disk
Sector Information Technology
Buyer(s) Rackspace
Deal Type Add-on Acquisition

Target

Jungle Disk

San Antonio, Texas, United States
Jungle Disk offers cloud storage solutions that allow users to easily share an unlimited amount of cloud storage between multiple users through a secure, mountable network drive and automatic backup.

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Buyer(S) 1

Buyer

Rackspace

San Antonio, Texas, United States
Category Company
Founded 1998
Sector Information Technology
Employees5,800
Revenue 3.0B USD (2023)
DESCRIPTION
Entrance to Rackspace's corporate headquarters in San Antonio, Texas.
Entrance to Rackspace's corporate headquarters in San Antonio, Texas.

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.

DEAL STATS #
Overall 2 of 13
Sector (Information Technology) 2 of 6
Type (Add-on Acquisition) 2 of 13
State (Texas) 1 of 3
Country (United States) 2 of 12
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-22 Slicehost

Saint Louis, Missouri, United States

Slicehost provides on-demand, virtualized servers and online storage software and services. Slicehost is a provider in Xen-based virtual machine hosting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 Cloudkick

San Francisco, California, United States

Cloudkick, Inc., a online platform for cloud server management.

Buy -
Mergr

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