Rackspace acquires Datapipe as it looks to expand its managed services business

 Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised aver $310 million in equity… Read More