SOURCE: Rackspace Hosting

Rackspace Hosting

November 13, 2014 09:00 ET

Rackspace Appoints Todd Cione as Chief Revenue Officer

Former Rackspace SVP of Americas Sales to Lead Unified Sales and Marketing Functions

SAN ANTONIO, TX--(Marketwired - November 13, 2014) - Rackspace® (NYSE: RAX), the #1 managed cloud company, today announced that Todd Cione, former SVP of Americas sales at Rackspace, was promoted to chief revenue officer. In this new role, Cione will oversee the operations of the Americas sales and global marketing organizations, uniting the functions to work seamlessly and strengthen the company's go-to-market strategy.

"Since joining Rackspace, Todd has proven himself to be a results-driven leader who embodies our culture of teamwork and collaboration," said Taylor Rhodes, president and CEO at Rackspace. "With his extensive sales and marketing leadership experience and track record of success, Todd is well-suited to advance our managed cloud strategy and expand our global customer base."

Cione has more than 20 years of experience in the technology industry, building and developing integrated sales, marketing and solution partner organizations. He joined Rackspace in 2013 as SVP of acquisition sales and moved on to become SVP of sales for the Americas region, where he helped launch the Rackspace managed cloud strategy and product offering to customers and partners across all segments. Prior to joining Rackspace, Cione spent 15 years at Microsoft, where he led enterprise and mid-market sales, marketing and partner functions in APAC and the U.S., and most recently served as the Asia-Pacific marketing and operations leader, based out of Singapore.

"Marketing and sales functions carry the primary responsibility for educating the market on the Rackspace managed cloud and our industry-leading capabilities," said Cione. "Bringing these two functions together further enables Rackspace to help design, build and run cloud workloads, backed by Fanatical Support® for businesses of all sizes."

Cione graduated from Baylor University with a degree in English and Business.

About Rackspace
Rackspace (NYSE: RAX) is the #1 managed cloud company. Its technical expertise and Fanatical Support® allow companies to tap the power of the cloud without the pain of hiring experts in dozens of complex technologies. Rackspace is also the leader in hybrid cloud, giving each customer the best fit for its unique needs -- whether on single- or multi-tenant servers, or a combination of those platforms. Rackspace is the founder of OpenStack®, the open-source operating system for the cloud. Based in San Antonio, Rackspace serves more than 300,000 business customers from data centers on four continents. It ranks #29 on Fortune's list of 100 Best Companies to Work Forwww.rackspace.com.

Forward Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning anticipated operational and financial benefits from Rackspace strategies related to additions or changes in leadership, the success of leadership transition, company growth or success of new sales initiatives, any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the integration and effectiveness of the new leadership into the Rackspace culture, the continuation of the current difficult economic conditions or further fluctuations, disruptions, instability or downturns in the economy, the effectiveness of managing company growth, infrastructure failures, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting's Form 10-Q for the quarter ended September 30, 2014, filed with the SEC on November 10, 2014. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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