Rackspace Technology Named a Top 15 Sourcing Standout by ISG
May 11 2021 - 11:00AM
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.
Rackspace Technology was among the leading
providers in the Breakthrough 15 category globally and for the
Americas, EMEA and Asia Pacific regions based on annual contract
value (ACV) won over the last 12 months, according to the 1Q 2021
Global ISG Index™.
Now in its 74th 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 recognition by ISG is due to
double-digit revenue growth in 2020 and strong earnings leverage as
earnings growth outpaced revenue growth for both the fourth quarter
and the full year.
This new recognition follows the 2020 ISG Provider
Lens™ Next-Gen Private/Hybrid Cloud – Data Center Services
& Solutions report for the U.S. which recognized Rackspace
Technology as a Leader in Managed Hosting & Managed
Services for midmarket. ISG Provider Lens Quadrant
reports provide valuable insights to enterprise buyers on the
strengths, competitive differentiators and unique selling points of
leading service providers serving each market.
“Due to our people, partners, expertise and
automation to help customers of all sizes optimize their multicloud
journey combined with our fanatical customer experience, Rackspace
Technology is extremely well positioned in the multicloud market,”
said Lisa McLin, Rackspace Technology VP, Global Channel Chief. “In
2020 we made great progress towards becoming the leading pure play
multicloud services and solutions company and set the stage for
years of incremental revenue growth.”
Inclusion in the ISG Index™ is based on data
Rackspace Technology 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 Rackspace
TechnologyRackspace Technology is a leading end-to-end
multicloud 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.
About ISGISG (Information Services
Group) (Nasdaq: III) is a leading global technology research and
advisory firm. A trusted business partner to more than 700 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.
Media ContactNatalie
SilvaRackspace Technology Corporate
Communicationspublicrelations@rackspace.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8d78c3b3-225c-4db6-9cb9-a15a16791d15
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