The San Antonio area’s biggest technology company did not say when service could be restored or provide details about the nature of the security incident.
“I own an IT company for the past 26+ years and have so many of my clients on your service, INCLUDING mine,” one person wrote in a comment on a Rackspace
Rackspace was founded in 1998 by Trinity University students and originally hosted websites for clients. It first went public in 2008, around when it converted the former Windsor Park Mall into its headquarters. The company slashed hundreds of jobs in 2017, 2018 and 2019. Then in 2020, Apollo took Rackspace back to the stock market with a second IPO. Its performance as a public company has been lackluster. Though it has seen increasing revenue, Rackspace’s last profitable quarter was in early 2019.Early last year, Rackspace laid off about 700 employees, or 10 percent of its global workforce.
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