After saying a attempts to go head-to-head with Amazon and Microsoft in a open cloud flounder, Rackspace has spent a best partial of a final dual years repositioning itself as a purveyor of managed services for both firm’s off-premise platforms.

During this period, a association has found itself during a centre of conjecture about a destiny as a publicly traded, eccentric company, after comparison government done an unfinished try in 2014 during anticipating a customer for a firm.

However, in Aug 2016, a association reliable it is set to be acquired by private equity house, Apollo Global Management for $4.3bn, permitting a association to file a managed cloud plan divided from a meddling eyes of shareholders.