ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Rackspace Technology Teams Up with Munster Technological University to Launch Ireland’s First Quantum Cloud Platform on AWS, Advancing Collaborative Research

SAN ANTONIO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading provider of hybrid, multicloud, and AI technology solutions, today announced, working with Munster Technological University (MTU) to unveil QCloud, Ireland's first quantum cloud computing hub on Amazon Web Services (AWS). This groundbreaking initiative aims to enhance collaborative research and remove barriers to accessing cutting-edge quantum computing technologies.

Established in 2021, MTU operates across six campuses in southwestern Ireland and is at the forefront of national cybersecurity initiatives within the European Union. QCloud was developed due to MTU’s commitment to democratizing access to quantum resources, enabling secure and scalable connectivity to genuine quantum computing power for researchers throughout Ireland. MTU partnered with Rackspace Technology on the project due to its expertise in navigating the European Open Science Cloud (EOSC) Future project, which encourages collaboration between commercial service providers and researchers.

“Rackspace collaborated with MTU to secure essential funding to launch QCloud, enhancing research opportunities across the region,” said D K Sinha, Rackspace Technology, President Public Cloud. “We are proud of this accomplishment because, through QCloud, MTU has established Ireland as a quantum research hub, democratizing access to cutting-edge quantum computing resources and fostering the next generation of quantum innovation.”

QCloud Implementation
Following a successful proposal process facilitated by Rackspace, MTU launched QCloud in February 2024 with funding from the EOSC Future project. This innovative platform provides centralized access to quantum computing resources for researchers, facilitating groundbreaking work in various fields, including autonomous systems security. Through QCloud, MTU establishes Ireland as a key player in the quantum research ecosystem, fostering innovation and democratizing access to quantum computing resources.

Collaboration between MTU, Rackspace Technology, and AWS resulted in a comprehensive quantum research environment that includes:

  • A centralized platform providing quantum computing access to eight universities and 13 research institutes
  • AWS Control Tower landing zone with Account Factory for streamlined project management
  • Custom quantum cost control dashboard for Amazon Braket using Amazon Identity and Access Management (IAM), AWS Cloud Development Kit (CDK), Amazon EventBridge and Amazon CloudWatch
  • Real-time cost tracking with automated budget alerts and management systems

“Rackspace's collaboration was essential for establishing the QCloud infrastructure. Their expertise in AWS technologies was invaluable throughout this process,” said Dr. Anila Mjeda, Cybersecurity Lecturer at MTU. “QCloud opens doors for researchers to explore advanced applications while managing costs effectively, allowing for real-time monitoring and budget management. With QCloud, researchers can leverage actual quantum computers, moving beyond traditional simulators that fall short in accounting for real-world factors like quantum noise.”

QCloud Impact and Vision
Since its inception, QCloud has connected multiple institutions, supporting 12 startups and 11 major research projects. The platform marks a significant shift in Ireland's quantum research landscape, empowering universities to provide hands-on experiences with quantum computing.

"In classical computing, information is stored in binary code, represented by ones and zeroes," said Dr. Hazel Murray, Ph.D., Cybersecurity Lecturer and QCloud Project Lead at MTU. "Quantum computing, however, leverages quantum particles, where information is encoded in the quantum states of electrons or photons, for instance. This enables exponentially greater flexibility in data representation, unlocking the potential to store and analyze information beyond the limitations of classical systems."

The university expects to double its research projects in the coming year and welcomes new participants. "This is a remarkable time for innovation in quantum computing. We’re finally seeing ideas evolve into commercial and societally beneficial products while exploring new possibilities," added Murray.

For additional in-depth details on the groundbreaking Munster Technology University QCloud initiative, click to read the entire case study and view the video.

About Rackspace Technology  
Rackspace Technology is a leading end-to-end, hybrid, multicloud, and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.  

Media Contact: Natalie Silva, publicrelations@rackspace.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.