The ‘managed cloud company’ Rackspace has sold its cloud hosting business to web host and cloud services provider
Liquid Web. Rackspace, which has headquarters in San Antonio, Texas, United States, has been a major cloud player offering a range of services including hybrid hosting, managed dedicated hosting, and managed cloud offerings. Known for its “Fanatical Support”, the company has found it difficult to provide managed services in a business environment that favors unsupported services. Liquid Web has purchased Rackspace’s entire Cloud Sites Business Unit. While it was announced that Rackspace and its staff would remain in San Antonio, the cost of the acquisition has not been announced.
Liquid Web, which has headquarters in Lansing, Michigan, United States, was established in 1997. The company is recognized as “one of the most successful and well-respected names in cloud and web hosting”. The company has enjoyed significant growth and appeared in INC Magazine’s 5000 Fastest Growing Companies over the last nine years. The acquisition will add 30,000 customers to its book and company will absorb 550 Rackspace employees.
Rackspace customers will experience a “seamless transition” as Rackspace’s business unit transitions to Liquid Web’s infrastructure, and Liquid Web has announced it will make further investments in developing “innovative solutions on the Cloud Sites platform to better serve these savvy, skilled professionals who are dependent on a highly available and reliable hosting provider”.
“With the addition of Cloud Sites, we further our mission to empower web professionals all over the world to create content and commerce without worry, free of problems and devoid of even one bit of hesitation by providing absolutely flawless web hosting,” explained Jim Geiger, the CEO of Liquid Web on the company’s blog. “Unfortunately, our industry is trending toward unsupported services, which leaves fast-growing developers, digital agencies and designers alone, without a real person to turn to when they really need help. However, at Liquid Web, day-in and day-out our people stand behind the creators of content and commerce and we’re going to continue to stand behind those businesses who rely on the web and cloud. Our job is to delight and every single human being in our company is empowered to do so. Each of them has a relentless devotion to simplifying how our customers experience web hosting and cloud services.”
Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.
