Bloomberg Businessweek Names Rackspace Hosting a Top 100 Performing Technology Company

San Antonio, TX – June 1, 2010 – Rackspace® Hosting (NYSE:RAX), the leader in the hosting and cloud computing industry, has earned the No. 63 spot on the 12th annual Bloomberg Businessweek Tech 100 list of the top performing technology companies across the globe.  Rackspace, the only company on the list that specializes in the fast-growing field of hosting and cloud computing, ranked No. 34 for revenue growth among the global technology companies, and No. 11 for revenue growth of US-based technology companies.

According to Bloomberg Businessweek, the companies listed on this year’s Tech 100 “managed to thrive during a bruising global recession.” Rackspace has thrived with an unwavering commitment to superior customer service known as Fanatical Support®, which has contributed to the company’s rapid customer growth and retention.  Rackspace has continued to experience impressive growth, recently surpassing 100,000 net customers.
“Rackspace is proud to have earned a position among the top 100 technology companies in the world, and our strong performance is proof that businesses understand the value of service,” said Lanham Napier, CEO of Rackspace.  “Rackspace believes there is a revolution happening in the way businesses purchase and consume computing power, and we are uniquely positioned to guide them with our deep industry expertise and commitment to Fanatical Support.”
The 12th annual Tech100 list appears in Bloomberg Businessweek’s May 24 issue, and the full list of companies and Bloomberg Businessweek Tech 100 methodology can be found here: http://tinyurl.com/2cjfeax.

About Rackspace Hosting
Rackspace Hosting is the world’s leader in the hosting and cloud computing
industry. The San Antonio-based company provides Fanatical Support®
to its customers, across a portfolio of IT services, including Managed
Hosting and Cloud Computing. 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 industry trends, operational and financial results and growth plans and expectations; any statements of expectation or belief; and any statements or assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include infrastructure failures, the continuation or further deterioration of the current difficult economic conditions or further fluctuations, disruptions, instability or downturns in the economy, the effectiveness of managing company growth, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting’s Form 10-Q for the quarter ended March 31, 2010 filed on May 6, 2010. Except as required by law, Rackspace Hosting 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.

Bloomberg Businessweek Names Rackspace Hosting a Top 100 Performing Technology Company

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