Rackspace floating on a Cloud

Tech firms interested in cloud computing have continued to grow in strength and acquisitions despite the recession.

In fact, many companies that are now household names have invested in cloud services to allow for computing capacity as an Internet service instead of providing it from a data centre.

Companies that have launched cloud services include Google, Microsoft, IBM, and Amazon.

However, a new company is trying to break into the heavily occupied field of cloud services – Rackspace Hosting.

The company, which has been based in San Antonion, Texas, for the last nine years, has already managed to create a nice web presence in managed web hosting.

Lew Moorman, the chief strategy officer of Rackspace stated that the company is planning to use cloud computing services because they offer a cost-efficient solution to clients as they help streamline IT budgets for technological support.

This is not the only improvement that Rackspace has made recently, as last autumn it acquired Slicehost to provide a storage solution for the implementation of cloud computing and also partnered with Limelight to provide a suite for its cloud computing options.

While the acquisitions cost the company about $11.5 million, there apparently is a silver lining in cloud computing, as the new service allowed the company to recoup its expenditures within just the first quarter of 2009.

A large reason for Rackspace’s success has been attributed to its excellent customer service, which was highlighted in a recent Investors.com profile.

http://www.thewhir.com/web-hosting-news/061709_Rackspace_Interests_Investors_with_Cloud_St

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=479696