The hosted computing services company acquires Slicehost and Jungle Disk to compete head-on with Amazon Web Services.
SOURCE: InformationWeek
Rackspace, a provider of hosted computing services, is using two acquisitions to gain a bigger presence in the emerging market for cloud computing. It sees Amazon (NSDQ: AMZN)’s Web Services, perhaps the biggest name in cloud computing, as its top competitor. Rackspace announced Wednesday that it’s acquired Slicehost, a provider of hosted virtual servers, and Jungle Disk, a provider of online storage, for a combined $11.5 million.
Filed under: Aquisition, Cloud Computing, Enterprise, Hosting, Internet, News, Technology, WebHosting | Tagged: Rackspace Buys Two Cloud Computing Firms, Jungle Disk, Slicehost, Amazon Web Services, hosted computing services, Cloud Computing Firms, ISP Tools, Business Hosting Services
