BT and Rackspace Technology® (NASDAQ: RXT), a leading end-to-end,
multicloud technology solutions company, today announced a
partnership agreement to transform BT’s multinational customers’
cloud services.
Under the terms of the agreement, BT hybrid cloud services will
be based on Rackspace Technology’s cutting-edge solutions, which
the company will deploy in BT data centres along with its Rackspace
Fabric management layer.
Customers will benefit from the integration of Rackspace
Technology’s cloud management expertise and automation, analytics,
and AI tools with BT’s world-leading network and security
capabilities.
This will enhance customer experience and enable BT to further
evolve its managed cloud services.
Bas Burger, CEO of BT’s Global unit, said: “This innovative
partnership with Rackspace Technology accelerates our plans to
build a world-class hybrid cloud portfolio. It will deliver
outstanding experiences for our customers and ensure they benefit
from the best services, backed by our partner’s leadership in
cloud.”
Kevin Jones, CEO of Rackspace Technology, said, “This exciting
partnership with BT validates Rackspace Technology’s expertise in
helping large, multinational enterprises in their cloud
transformation journey and provides both companies with unique
industry positioning. It highlights the enduring long-term value of
a hybrid cloud model, as BT customers will now have access to the
best of public cloud, private cloud, and traditional hosted
environments alongside the speed, security, and resilience of BT’s
worldwide networks.”
The companies have also committed to extend their partnership in
the future to create new joint cloud offerings for their
customers.
About BT
BT Group is the UK’s leading telecommunications and network
provider and a leading provider of global communications services
and solutions, serving customers in 180 countries. Its principal
activities in the UK include the provision of fixed voice, mobile,
broadband and TV (including Sport) and a range of products and
services over converged fixed and mobile networks to consumer,
business and public sector customers. For its global customers, BT
provides managed services, security and network and IT
infrastructure services to support their operations all over the
world. BT consists of four customer-facing units: Consumer,
Enterprise, Global and its wholly-owned subsidiary, Openreach,
which provides access network services to over 650 communications
provider customers who sell phone, broadband and Ethernet services
to homes and businesses across the UK.
For the year ended 31 March 2021, BT Group’s reported revenue
was £21,331m with reported profit before taxation of £1,804m.
British Telecommunications plc is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
About Rackspace Technology
Rackspace 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.
Forward-looking Statements
Rackspace Technology has made statements in this press release
and other reports, filings, and other public written and verbal
announcements that are forward-looking and therefore subject to
risks and uncertainties. All statements, other than statements of
historical fact, included in this document are, or could be,
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 and are made in reliance
on the safe harbor protections provided thereunder. These
forward-looking statements relate to anticipated financial
performance, management’s plans and objectives for future
operations, business prospects, outcome of regulatory proceedings,
market conditions, our ability to successfully respond to the
challenges posed by the COVID-19 pandemic, and other matters. Any
forward-looking statement made in this presentation speaks only as
of the date on which it is made. We undertake no obligation to
publicly update or revise any forward- looking statement, whether
as a result of new information, future developments or otherwise.
Forward-looking statements can be identified by various words such
as “expects,” “intends,” “will,” “anticipates,” “believes,”
“confident,” “continue,” “propose,” “seeks,” “could,” “may,”
“should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,”
“targets,” “planned,” “projects,” and similar expressions. These
forward-looking statements are based on management’s current
beliefs and assumptions and on information currently available to
management. Rackspace Technology cautions that these statements are
subject to risks and uncertainties, many of which are outside of
our control, and could cause future events or results to be
materially different from those stated or implied in this document,
including among others, risk factors that are described in
Rackspace Technology, Inc.’s Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K, and other
filings with the Securities and Exchange Commission, including the
sections entitled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations”
contained therein.
Contacts |
|
|
|
For BT Group: Investor
ContactTel: 0800 389 4909ir@bt.com |
For Rackspace Technology:Investor
Contact:Joe Crivelliir@rackspace.com |
|
|
Press Contact: Tеl: +44 207 356
5369https://www.bt.com/media-enquiries |
Press Contact:Natalie
Silvapublicrelations@rackspace.com |
Rackspace Technology (NASDAQ:RXT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rackspace Technology (NASDAQ:RXT)
Historical Stock Chart
From Jul 2023 to Jul 2024