Managed cloud company Rackspace announced Tuesday it had laid off nearly 100 employees, mostly San Antonio-based Rackers.
Joe Eazor, 54, comes to Rackspace from EarthLink, where he was CEO of the dial-up Internet service that he led into cloud networking.
Rackspace CEO Taylor Rhodes is leaving the company effective May 16 to become CEO of a smaller, private company in another city.
Jeff Cotten’s promotion to company president is Rackspace’s first significant personnel move since the company went private in November.
Taylor Rhodes made his first public appearance since the official announcement of Rackspace going private at Trinity University Thursday.
The deal that made headlines in late August is now official: Apollo Global Management purchased Rackspace Hosting Inc. for $4.3 billion.
Ever have one of those awkward moments when you run into someone you haven’t seen since high school and she still thinks of you as a skater?
San Antonio-based Rackspace is being acquired for $4.3 billion, or $32 a share, by Apollo Global Management and affiliate investors and being taken private in a deal that will keep the company and its management team in San Antonio, according to a joint announcement made Friday morning.
Liquid Web, a web hosting and cloud services provider, will acquire Rackspace’s Cloud Sites business unit, according company officials.
The Dow Jones newswire and the Wall Street Journal reported Thursday that San Antonio-based Rackspace Hosting is in advanced talks with one or more private equity firms regarding a potential sale.