Rackspace (RAX) to Sell Cloud Sites Business Unit to Liquid Web
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Liquid Web Acquires Cloud Sites Business Unit from Rackspace
August 8, 2016 4:15 PM EDTLANSING, Mich., Aug. 8, 2016 /PRNewswire/ -- Liquid Web, a $90 million web hosting and cloud services provider devoted to delighting customers, today announced it has signed an agreement to purchase Rackspace® (NYSE: RAX) Cloud Sites business unit, which will remain in San Antonio.
Users of the Cloud Sites platform, who include designers, developers and digital agencies, should expect a seamless transition as Liquid Web and Rackspace work together to complete the transaction. In fact, Liquid Web plans to invest in developing innovative solutions on the Cloud Sites platform to better serve these... More
