Amazon.com, Rackspace Dial Up Overseas Cloud Growth
November 30, 2012
Grazed from Investors.com. Author: Reinhardt Krause.
Amazon Web Services, the top provider of cloud computing infrastructure services, and No. 2 Rackspace Hosting are campaigning overseas to keep their heady growth on track. Like presidential candidates dueling in swing states, the two cloud rivals are showing up in the same markets. Amazon Web Services, part of online retail king Amazon.com (AMZN), announced on Nov. 12 that it would open a new data center in Sydney. Rackspace (RAX) in August unveiled a new data center in Australia, which it expects will start operating by year’s end.
In Latin America, Rackspace is eying a move into Brazil, a market AWS entered last December. "I think wherever we will be, they will be — and vice versa," Rackspace CEO Lanham Napier told IBD. Oppenheimer analyst Tim Horan, in a report, says the move by AWS into Australia "is a slight negative for Rackspace."…
"While Rackspace and AWS will expand into new markets to compete for international customers, they take two very different approaches," Horan pointed out…
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