Acquisition to Provide Open Cloud Customers with NoSQL Database as a Service Offering
that’s Significantly Faster than Leading Competitors
San Antonio, TX – February 27, 2013 - Today, Rackspace® Hosting (NYSE: RAX), the open cloud company, announced it has entered into a definitive agreement to acquire ObjectRocket, a MongoDB database as a service (DBaaS) provider. With ObjectRocket’s open source-based MongoDB solution, Rackspace will broaden its OpenStack-based open cloud platform to offer customers a NoSQL DBaaS. The ObjectRocket offering also immediately expands Rackspace’s capability to help customers shoulder big data in the cloud for today’s most demanding applications. The acquisition will close today.
According to a recent report from the 451 Group, “NoSQL software revenue is expected to grow at a CAGR of 82 percent to reach $215 million by 2015.” With the acquisition of ObjectRocket, Rackspace will establish a strong presence within the high growth, NoSQL database market. The ObjectRocket offering will be available in early March for Rackspace customers in its Chicago facility and will soon be deeply integrated across Rackspace’s Open Cloud portfolio. ObjectRocket also leverages AWS Direct Connect to provide low latency and free bandwidth to AWS customers and will continue to be sold as a standalone service.
“Databases are the core of any application and expertise in the most popular database technologies will be critical to us delivering Fanatical Support® in the open cloud,” said Pat Matthews, senior vice president of corporate development at Rackspace. “As we look to expand our open cloud database offering into the MongoDB world, we are really excited to work with the entrepreneurs and engineers at ObjectRocket.”
ObjectRocket’s platform is specifically architected to provide an easy-to-use, consistently fast and scalable MongoDB environment. The platform also offers best-in-class features, which include:
“As the inventors and leading developers of MongoDB, 10gen is pleased to support Rackspace and their customers in the launch of Rackspace’s first non-relational database as a service product,” said Max Schireson, CEO of 10gen. “We think the market will be excited to see Rackspace deliver a NoSQL DBaaS offer based on MongoDB, the most popular NoSQL database.”
The ObjectRocket founding team collectively brings more than 50 years of experience in scaling large data systems, including MongoDB. They have also designed and managed systems that power some of the busiest sites on the web, and played key founding development roles at companies like Shutterfly, PayPal, eBay and AOL. Co-founder Kenny Gorman has also been recognized as a MongoDB Master, which is a designation awarded by 10gen to only 35 MongoDB core contributors and community evangelists around the world.
“ObjectRocket is thrilled to join the Rackspace family. With Rackspace’s open cloud philosophy and our shared emphasis on providing the highest level of customer support, we feel this union is an ideal fit,” said Chris Lalonde, co-founder and CEO of ObjectRocket. “Since the beginning, our focus has been on creating a DBaaS platform that would perform, scale and support critical workloads in a superior manner. Joining forces with Rackspace will enable us to achieve this goal, while delivering one of the most advanced MongoDB DBaaS solutions on the market.”
To learn more about ObjectRocket or to sign up for the service, please visit http://www.rackspace.com/information/mediacenter/announcements/objectrocket.
Rackspace® Hosting (NYSE: RAX) is the open cloud company, delivering open technologies and powering more than 205,000 customers worldwide. Rackspace provides its renowned Fanatical Support® across a broad portfolio of IT products, including Public Cloud, Private Cloud, Hybrid Hosting and Dedicated Hosting. Rackspace has been recognized by Bloomberg BusinessWeek as a Top 100 Performing Technology Company, is featured on Fortune’s list of 100 Best Companies to Work For and is included on the Dow Jones Sustainability Index. Rackspace was positioned in the Leaders Quadrant by Gartner Inc. in the “2011 Magic Quadrant for Managed Hosting.” Rackspace is headquartered in San Antonio with offices and data centers around the world. For more information, visit www.rackspace.com.
Forward Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning expected development, performance or market acceptance associated with the acquired products and services of ObjectRocket; anticipated operational and financial benefits from the acquired products and services of ObjectRocket, including the implementation and use of such products or services into Rackspace product and service offerings; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include including the possibility that expected benefits from the ObjectRocket products and services may not materialize because products and services are not generally accepted in the marketplace, which could occur due to certain factors including (i) a failure to market the acquired products and services cost effectively, differentiate the products and services from competitive products and services or communicate the differentiations effectively, (ii) the reliability, quality or compatibility associated with the acquired products and services, (iii) our inability to develop the acquired technology into our products or services effectively, (iv) changes in technology which adversely affect the benefits of the products or services, (v) internal strategy decisions that impact the products and services, and (vi) other risks that are described in Rackspace’s Form 10-Q for the quarter ended September 30, 2012, filed with the SEC on November 7, 2012. Except as required by law, Rackspace assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.