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September 11, 2017 04:00 pm GMT
Rackspace today announced its intention to acquireDatapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised aver $310 million in equity… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lIRvCKAtHMU/
Rackspace acquires Datapipe as it looks to expand its managed services business
Rackspace today announced its intention to acquireDatapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised aver $310 million in equity… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/lIRvCKAtHMU/
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