Rackspace Technology(US:RXT) Globenewswire·2025-04-10 15:05Core Insights - Rackspace Technology has launched Rackspace OpenStack Flex, a high-performance, license-free cloud service designed to modernize organizations' infrastructure while alleviating vendor lock-in concerns [1][2] Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid and AI solutions provider, capable of designing, building, and operating cloud environments across various technology platforms [4] Product Features - Rackspace OpenStack Flex offers a unified OpenStack-powered cloud platform that enhances agility, compliance, and adaptability in a rapidly changing environment [2] - The service includes 24x7 expert support and fully monitored infrastructure, facilitating the adoption and operation of applications [1][2] - It is built on proven OpenStack software, ensuring innovation, efficiency, and guaranteed service levels for mission-critical applications [2] Market Context - According to IDC, over 80% of cloud buyers plan to modernize their cloud infrastructure, with nearly 90% already deploying or operating a hybrid cloud [2] Key Benefits - The solution provides industry-leading security, scalability, flexibility, cost efficiency, and enterprise-level support [3][5] - It allows organizations to avoid vendor lock-in, embrace an open-source ecosystem, and manage costs effectively while maintaining high performance [5]