Rackspace Ranks 29 on FORTUNE List of "100 Best Companies to Work For" 2014
Jan. 16, 2014
SAN ANTONIO—Jan. 16, 2014 -- Rackspace® Hosting (NYSE: RAX), the open cloud company, today announced it has been ranked 29 on the 2014 FORTUNE 100 Best Companies to Work For® list. FORTUNE has named Rackspace as one of America’s top workplaces in six of the past seven years.
Rackspace was selected among hundreds of companies vying for a place on the list this year. Applicant companies opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about their programs and company practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride and camaraderie.
The results of the Great Place to Work® rankings found that Rackspace ranked highly with its employees, Rackers, in the great pride, great atmosphere, great communications and great challenges categories. On its Great Rated! Site, many Rackers cited the startup atmosphere and the company’s adherence to its core values as major benefits of employment at Rackspace.
“Rackers make our company great and we are thrilled that Fanatical Support® and employee engagement got us here once again. Fanatical Support reflects the passion, commitment and talent our employees bring to delivering a service that enables our customers to have great business outcomes,” said Lanham Napier, CEO of Rackspace. “We are privileged to be included among the many admired companies on the FORTUNE Best Places to Work For list for 2014.“
Rackspace provides its customers unrivalled support and the constant availability to ensure customers’ applications and infrastructures are running smoothly. Rackspace believes passionate employees are the key to its business and finding the right Rackers is essential to maintaining company culture. In continuing to deliver Fanatical Support, Rackspace searches for employees who possess both a positive attitude and willingness to learn and grow.
“Part of the magic of the list is its diversity across industries, geographies, and the companies appearing on this year’s list come from an array of industries. As companies’ external reputations become intrinsically linked to who they are internally, being known as a great workplace will become imperative. The FORTUNE 100 Best Companies to Work For® list grows more competitive every year and this list represents the best of the best,” said China Gorman, global chief executive officer of Great Place to Work®. “While each company is unique, what they have in common are strong cultures that support positive workplaces.”
Rackspace continued to expand its global workforce in 2013. Rackspace currently has more than 151 positions open in San Antonio, Austin, San Francisco, Blacksburg and a half-dozen other U.S. cities as well as in Australia, Europe and Asia. Those openings, in departments ranging from software development to tech support and sales, can be seen at http://talent.rackspace.com/.
To see the complete 2014 FORTUNE 100 Best Companies to Work For® list, visit http://www.Fortune.com/BestCompanies.
To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 257 firms participated in this year's survey. More than 252,000 employees at those companies were surveyed by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. After evaluations are completed, if news about a company comes to light that may significantly damage employees' faith in management, we may exclude it from the list. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible.
Rackspace (NYSE: RAX) is the global leader in hybrid cloud and founder of OpenStack, the open-source operating system for the cloud. Hundreds of thousands of customers look to Rackspace to deliver the best-fit infrastructure for their IT needs, leveraging a product portfolio that allows workloads to run where they perform best—whether on the public cloud, private cloud, dedicated servers, or a combination of platforms. The company’s award-winning Fanatical Support helps customers successfully architect, deploy and run their most critical applications. Headquartered in San Antonio, TX, Rackspace operates data centers on four continents. Rackspace is featured on Fortune’s list of 100 Best Companies to Work For. For more information, visit www.rackspace.com.
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 about historical results or third party data that may suggest trends for our business or industry; any statements of the plans, strategies, and objectives of Rackspace for future operations or growth; any statements of expectation or belief regarding future events, and any statements of assumptions underlying any of the items mentioned. Risks, uncertainties and assumptions include the possibility that expected growth or success may not materialize because of Rackspace's failure to sustain a culture that inspires employees to provide Fanatical Support, failure to execute on its operational plans, rapid technological changes that adversely affect the demand for Rackspace products and services, shifts in customer demand, customers' and potential customers' acceptance of Rackspace products and services, and other risks that are described in Rackspace Hosting's Form 10-Q for the quarter ended September 30, 2013, filed with the SEC on November 12, 2013. 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.
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