Rackspace Technology(RXT) Newsfilter·2025-02-20 20:30Core Insights - Rackspace Technology has entered a significant 10-year partnership with Seattle Children's Hospital to provide a managed cloud solution aimed at transforming their data center operations and modernizing infrastructure for both clinical and non-clinical workloads [1][2] - The agreement is expected to enhance agility, reliability, scalability, and security while significantly reducing IT costs for Seattle Children's, allowing them to focus on improving patient care and advancing pediatric research initiatives [1][2] Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider, capable of designing, building, and operating cloud environments across major technology platforms [4] Partnership Details - The partnership involves deploying Rackspace's Cost and Productivity Optimization (CPO) assessment framework to evaluate Seattle Children's IT infrastructure spending, leading to a transformation that simplifies operations and phases out legacy technologies [2] - Rackspace will manage Seattle Children's workloads on its private cloud and major platforms like Azure and AWS, ensuring a standardized managed services model across both private and public clouds [2][3] Strategic Goals - The collaboration aims to create a modern IT infrastructure on Rackspace's Healthcare Cloud, enhancing security, efficiency, and operational resilience for Seattle Children's [3] - The focus is on reducing costs and aligning with Seattle Children's mission and future growth, maximizing technological capabilities while driving innovation for patient care [3]