Rackspace: Reaping the rewards of going private?

In 2016, Rackspace - which at the time was listed on the New York Stock Exchange - was acquired by Apollo Global Management. In the period prior to its purchase, it seemed Rackspace was being edged into a weaker competitive position. The company was neither small and niche, nor did it have the scale and depth of the large IT services players it also bumped up against from a competitive standpoint.

In this research note we look at some of the progress points to date and how the firm is shaping up in the UK.  

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