SAN ANTONIO, January 26, 2009 — Rackspace® Hosting, (NYSE: RAX), a leader and specialist in hosting, announced today the company has been ranked 43rd on the FORTUNE 12th annual “100 Best Companies to Work For” list. This is the second consecutive year that Rackspace has appeared on the list. The full list and related stories appear in the February 2 issue of FORTUNE, available on newsstands on Monday, January 26, and now at FORTUNE.com/bestcompanies.
“We are honored to be recognized as one on the Best Places to Work For by FORTUNE magazine. Each day, Rackers come to work and volunteer their best to each other and our customers. We are proud of the culture we are building and this culture powers Fanatical Support. Many thanks to all of the Rackers who work so hard every day to build our company,” said Lanham Napier, president and CEO, Rackspace.
A driving factor for the companies on this year’s list is that they excel at creating jobs. According to the FORTUNE List, Rackspace is ranked 2nd for job growth. This growth has fueled Rackspace’s commitment to employees. Rackspace continues to advocate for its workforce, who proudly call themselves Rackers, through diligent hiring and training processes to achieve the appropriate employee caliber and fit. Rackspace invests in the professional and personal development of Rackers through its internal training department, Rackspace University.
FORTUNE.com blog, Managing Editor Andy Serwer writes, “No matter what happens with the economy, the demand for talent will remain. Great companies know that super-motivated, happy, world-class employees are an incredible competitive advantage.”
Rackspace has created a unique culture built around Fanatical Support® that is a vital part of the company’s success. The company has a long history of being ranked as a ‘great place to work’ by numerous sources. This honor can be traced back to the unique people who are hired to deliver Fanatical Support. Rackspace was built around a culture that fosters friendly, service-oriented people who care about customer service.
Notable perks for working at Rackspace include open communication with executives all the way up to the CEO and Chairman. In addition, Rackers are recognized for hard work through a variety of out-of-the-box awards including the coveted Straightjacket Award and keys to the Rackspace BMW, also known as the “Rackermobile”. Rackspace also provides an outlet for its employees to contribute through the Rack Gives Back philanthropic committee which was established to get employees involved in the community. Every quarter a large scale project and half a dozen small scale projects are completed on a completely voluntary basis.
To pick the “100 Best Companies to Work For,” FORTUNE works with Robert Levering and Milton Moskowitz of the Great Place to Work® Institute—a global research and consulting firm with offices in 30 countries—to conduct one of the most extensive employee surveys in corporate America. More than 81,000 employees from 353 companies responded to the 57-question survey created by the Institute. Two-thirds of a company’s score is based on the survey, which is sent to a minimum of 400 randomly selected employees. The remaining third is based on a company’s responses to the Culture Audit questionnaire, which asks detailed questions about demographics, pay and benefits, and open-ended questions on philosophy, communication and more.
Any company that is at least seven years old with more the 1,000 U.S. employees is eligible to be included on the list. The deadline for applying for next year’s list is March 31, 2009. For an online nomination form, go to
This press release contains “forward-looking” statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements about historical results that may suggest trends for our business; any statements of the plans, strategies, and objectives of management for future operations or product and service offerings; any statements of expectation or belief regarding future events, potential markets or market size, technology developments, and any statements of assumptions underlying any of the items mentioned. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future performance. Actual results could differ materially from our current expectations as a result of many factors, including but not limited to: the unpredictable nature of our rapidly evolving market and quarterly fluctuations in our business; the effects of competition; changes in the economy, technological and competitive factors, regulatory factors, and other risks that are described in our report on Form 10-Q for the quarter ended September 30, 2008. Except as required by law, we assume 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.
About Rackspace Hosting
As a global leader and specialist in hosting, Rackspace® Hosting is changing the way businesses worldwide buy IT. Rackspace delivers computing-as-a-service, integrating the industry’s best technologies into a flexible service offering, making computing more reliable and affordable. A trusted partner to companies of all sizes, Rackspace enables IT departments to be more effective. Rackspace is distinguished by its award-winning Fanatical Support®, furthering the company’s mission to be one of the world’s greatest service companies. Rackspace is recognized as one of FORTUNE Magazine’s 100 Best companies to work for in the US, ranking number 43 on the list. Rackspace’s portfolio of hosted IT services includes managed hosting (www.rackspace.com), email hosting (www.mailtrust.com) and cloud hosting (www.mosso.com). For more information on Rackspace Hosting please visit www.rackspace.com.
About FORTUNE FORTUNE is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live settings, hosting a wide range of annual conferences, including the FORTUNE Global Forum. FORTUNE magazine’s online home is CNNMoney.com, the most visited and utilized business destination website.