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Thursday, May 4, 2017

Rackspace, Owned by Private Equity, Loses CEO to Cloud Tech Company

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Rackspace’s CEO, Taylor Rhodes, is leaving his post for an unnamed, smaller tech company this month, the newest dramatic change for the cloud computing giant, which was sold to private equity investors for $4.3 billion in August.

Rhodes had been at the helm of Rackspace since 2014 and led the company through rapid changes in the way businesses manage and store data. As companies such as Amazon, Microsoft, and Google began investing more in public cloud technology—directly competing with Rackspace’s own data storage and computing services—Rackspace began selling its support and cloud management service to businesses that bought from itsRead more »

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May 04, 2017 at 03:09AM

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from David Holley

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