Rackspace Buys Two Cloud Computing Firms For $11.5 Million

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, [...]