Rackspace Technology shares rise 1.44% after-hours after launching Rackspace OpenStack Business.

Rackspace Technology, Inc. rose 1.44% in after-hours trading, following the announcement of the launch of Rackspace OpenStack Business, a new, open-source, dedicated private cloud for organizations running mission-critical or regulated workloads. This fully-managed solution offers improved performance, enhanced security, and full operational support without the burden of managing infrastructure. The launch expands Rackspace's leadership in open-source private cloud by delivering dedicated, secure OpenStack infrastructure, meeting the growing demand from enterprises seeking control without compromise or vendor lock-in.