Cloud Computing: Rackspace chugs along amid takeover speculation
Grazed from CNBC. Ari Levy.
In the cloud-computing market, Google and Amazon.com have been embroiled in a brutal pricing war. So when news broke in May that smaller rival Rackspace had hired Morgan Stanley to explore strategic options amid such stiff competition, Rackspace’s president, Taylor Rhodes, expected a six-month parade of discussions with customers concerned about his company’s future.
Instead, Rackspace has been signing up clients at an accelerated pace even as its status remains unresolved, Rhodes said. The company’s pitch has long been that the raw computing power and storage in the cloud is becoming commoditized and that there’s money to be made selling services and support on top of it to the many businesses that need the help…


Earlier in July, one of the biggest cloud computing trends to make headlines in recent years celebrated another milestone when it reached its fourth birthday. OpenStack has grown and developed over the past four years, to the point where it is now garnering serious attention from IT executives and developers around the world. One region that is picking up its rate of OpenStack interest is the Asia-Pacific, which hosted the region’s first OpenStack Summit two years ago to much success.