Rackspace Names Scott Crenshaw Senior Vice President, Strategy and Product

Technology industry veteran to drive product development and help lead managed cloud strategy

SAN ANTONIO – April 15, 2015 – Rackspace® (NYSE:RAX), the #1 managed cloud company, named Scott Crenshaw as senior vice president of strategy and product, effective April 6, 2015. Crenshaw, who joins Rackspace from VeriSign, Inc., will oversee the company’s corporate strategy, business development and product and engineering portfolio. He reports to Taylor Rhodes, president and CEO of Rackspace.

“We are excited to have someone of Scott’s caliber and experience joining our team,” said Rhodes. “Throughout his career, Scott has established a strong track record of developing winning strategies, managing and growing unique product offerings and working collaboratively with colleagues and customers. Scott will work closely with our marketing, sales, support and other critical functions to drive compelling product offerings and the best customer experience in the industry. I am confident that Scott will bring tremendous value to our company and customers.”

“As the managed cloud leader, Rackspace is strongly positioned to capitalize on the increasing market demand for managed cloud services and expertise,” said Crenshaw. “I am thrilled to be a part of this talented team at such an exciting moment in the company’s history. I look forward to building great products and delivering Fanatical Support® to Rackspace customers worldwide.”

About Scott Crenshaw

Prior to joining Rackspace, Crenshaw was senior vice president of products at VeriSign, Inc., where he led the development of the company’s new products and services, including key growth areas.

Before joining Verisign in 2013, Crenshaw was senior vice president, strategy, and chief marketing officer for Acronis, Inc., a data backup and recovery solutions provider. Previously, he served eight years in executive positions at Red Hat, Inc., including vice president and general manager of the cloud business unit and, previously, in the same capacity for the company's Linux platform business unit.

Prior to Red Hat, Crenshaw was the chief executive officer of NTRU Cryptosystems, Inc., a provider of embedded security solutions. He held a number of executive positions at enterprise software vendor Datawatch Corporation, including vice president of business development and vice president of product development. Early in his career he co-founded a networking startup.

Crenshaw holds a Bachelor of Science in computer science from North Carolina State University and a Master of Business Administration from the Massachusetts Institute of Technology, where he was a Sloan Fellow at the Sloan School of Management.

About Rackspace

Rackspace (NYSE: RAX) is the #1 managed cloud company. Its technical expertise and Fanatical Support® allow companies to tap the power of the cloud without the pain of hiring experts in dozens of complex technologies. Rackspace is also the leader in hybrid cloud, giving each customer the best fit for its unique needs -- whether on single- or multi-tenant servers, or a combination of those platforms. Rackspace is the founder of OpenStack®, the open-source operating system for the cloud. Headquartered in San Antonio, Rackspace serves more than 300,000 business customers from data centers on four continents. For more information, visit www.rackspace.com.

Forward Looking Statement

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 anticipated operational and financial benefits from Rackspace strategies related to additions or changes in leadership, any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.  Risks, uncertainties and assumptions include issues relating to the performance of a customer's configuration caused by forces outside of the control of Rackspace; changes in the economy, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting's Form 10-K for the quarter and year ended December 31, 2014, filed with the SEC on March 2, 2015. 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.


Media Contact:

Brandon Brunson