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.


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.

Read full Story

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: