SOURCE: Rackspace Hosting

Rackspace Hosting

July 23, 2015 12:00 ET

Rackspace Collaborates With Intel to Accelerate OpenStack Enterprise Feature Development and Adoption

New Joint OpenStack Innovation Center to Drive Enterprise Readiness, Upstream Code Contributions and Advance Community Involvement

SAN ANTONIO, TX--(Marketwired - July 23, 2015) - Rackspace® (NYSE: RAX), the #1 managed cloud company, today announced a collaboration with Intel® Corporation to form the OpenStack Innovation Center. This center of excellence will help accelerate the development of enterprise capabilities and significantly add to the number of developers contributing to upstream OpenStack code. The project will bring together OpenStack engineers from Rackspace and Intel to advance the scalability, manageability and reliability of OpenStack by adding new features, functionality and eliminating bugs through upstream code contributions. The new OpenStack Innovation Center will be located at Rackspace's corporate headquarters in San Antonio, TX.

"We are excited to collaborate with Intel and look forward to working with the OpenStack community to make the world's leading open-source cloud operating system even stronger," said Scott Crenshaw, senior vice president of product and strategy at Rackspace. "We don't create proprietary OpenStack distributions. Rackspace delivers its customers four-nines availability using entirely upstream trunk code. All of the Innovation Center's contributions will be made available freely, to everyone."

Rackspace founded OpenStack, the predominant open-source cloud software platform, in July 2010 with NASA. OpenStack software controls large pools of compute, storage, and networking resources throughout a data center, managed through a dashboard or via the OpenStack API. Since it was founded, OpenStack has become one of the fastest growing open source communities in the world, with more than 520 member companies and 27,000 individual contributors across 167 countries. This growth represents a significant market opportunity, as 451 Research estimates that OpenStack revenue will reach $1.26 billion in 20151. Rackspace is the operator of the world's largest production OpenStack cloud and has a deep expertise in managing and scaling OpenStack private clouds both in Rackspace data centers and on-customers' premises.

"This announcement demonstrates our continued support and commitment to open source projects," said Jason Waxman, vice president and general manager of the Cloud Platforms Group at Intel. "Our ongoing collaboration with Rackspace and the OpenStack community represents an ideal opportunity to accelerate the enterprise appeal of OpenStack."

The agreement between Rackspace and Intel includes:

  • OpenStack Innovation Center - The center will create the world's largest OpenStack development team. It will be comprised of Rackspace and Intel engineers and will be located at Rackspace's corporate headquarters in San Antonio.
  • OpenStack Developer Training - Through this effort, Rackspace and Intel will offer new modules of courseware designed to onboard and increase the number of open source developers actively contributing to the success of the community.
  • Joint OpenStack Engineering - Rackspace and Intel will resource OpenStack development, working in collaboration with the OpenStack Enterprise Work Group and community, targeting bug elimination and the development of new enterprise features. The companies will recruit new engineers to participate in OpenStack development.
  • Largest OpenStack Developer Cloud - Rackspace and Intel will build and make available to the community two 1,000 node clusters to support advanced, large-scale testing of OpenStack and new features developed through the joint engineering work. The companies anticipate having the clusters available for community use within the next six months.

"The community's goal is to foster collaboration and spur innovation that drives broad adoption," said Jonathan Bryce, executive director of the OpenStack Foundation. "The depth of experience and community engagement that Rackspace and Intel offer makes this an exciting project, as the code contributions and large-scale testing will benefit everyone who uses OpenStack."

Supporting Materials **Available at 12 noon Central**

1 The OpenStack Pulse 2014, 451 Research

About Rackspace
Rackspace (NYSE: RAX), the #1 managed cloud company, helps businesses tap the power of cloud computing without the challenge and expense of managing complex IT infrastructure and application platforms on their own. Rackspace engineers deliver specialized expertise on top of leading technologies developed by OpenStack, Microsoft, VMware and others, through a results-obsessed service known as Fanatical Support®. The company has more than 300,000 customers worldwide, including two-thirds of the FORTUNE 100. Rackspace was named a leader in the 2014 Gartner Magic Quadrant for Cloud-Enabled Managed Hosting, and has been honored as one of Fortune's Best Companies to Work For in six of the past eight years. Learn more at www.rackspace.com.

Forward-Looking Statement
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 facts are statements that could be deemed forward-looking statements, including any statements concerning expected development, performance or market acceptance associated with the OpenStack Innovation Center; anticipated operational and financial benefits from the OpenStack Innovation Center; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits from the OpenStack Innovation Center may not materialize because this program and services are not generally accepted in the marketplace, which could occur due to certain factors including (i) a failure to market the program and services cost effectively, differentiate the program and services from competitive programs or communicate differentiations effectively, (ii) the reliability, quality or compatibility associated with the program and services, (iii) changes in technology which adversely affect the program's benefit, (iv) slowdowns in the general economy or technology industry that impact consumer spending habits, (v) internal strategy decisions that impact the product; and (vi) other risks that are described in Rackspace Hosting's Form 10-Q for the quarter ended March 31, 2015, filed with the SEC on May 11, 2015. 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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