Rackspace completes its largest acquisition to date

Today, ​​Rackspace completed its acquisition of Datapipe, a managed services and colocation company.

The deal is the largest ever in Rackspace's history.

Following the transaction, Rackspace aims to expand its capabilities in the managed hosting and private cloud space, a move mirrored by an increase in companies using these services to migrate workloads out of the data center.

"This acquisition demonstrates our commitment to become the world's number one provider in IT as a service," says Joe Eazor, Rackspace CEO.

"Datapipe brings important new capabilities to Rackspace that will enable us to better serve customers, globally and at scale.

"Together, we will build on the industry leadership both companies established in expertise, reliability, security and support, to create a new level of end-to-end customer experience.

In addition, Rackspace also enlisted number of Datapipe leaders into its executive team, including a new chief technology officer

As the former chief technology and security officer at Datapipe, Joel Friedman joins Rackspace as CTO.

Other Datapipe leaders joining the Rackspace executive ranks include Dan Newton, now senior vice president, account management and service delivery; and Dan Tudahl, Rackspace's new general manager, government solutions.

Since its inception in 1998, Datapipe has grown its fleet interconnected data centers to include over 20 locations across the globe, including Hong Kong, Singapore and Shanghai.

Rackspace, the self-proclaimed world's #1 provider in IT as a Service, delivers managed public cloud services across all major public cloud platforms, including Amazon Web Services, Microsoft Azure, Google Cloud Platform and the Alibaba Cloud.

Based in San Antonio, Texas, Rackspace serves more than 170,000 business customers from data centers on five continents.