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.

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