Rackspace Technology Partners with SMPL-C to Enhance Cybersecurity Services and Support CMMC Standards

Rackspace Technology has formed a strategic alliance with SMPL-C to enhance cybersecurity services and support businesses in achieving Cybersecurity Maturity Model Certification (CMMC) standards. The partnership aims to secure new contracts and retain existing ones with federal government entities. Rackspace Technology operates as an end-to-end, hybrid, multi-cloud technology services company with a market capitalization of approximately $289.63 million. The company's financial health presents a mixed picture, with revenue decline, profitability challenges, and a negative debt-to-equity ratio. Rackspace Technology's business performance reflects ongoing challenges in revenue trends and operational efficiency. The company's valuation metrics and market sentiment suggest a low price-to-sales ratio and a negative Altman Z-Score, indicating a possibility of bankruptcy within the next two years.

Rackspace Technology, a leading end-to-end hybrid cloud and AI solutions company, has formed a strategic alliance with SMPL-C to enhance cybersecurity services and support businesses in achieving Cybersecurity Maturity Model Certification (CMMC) standards. The partnership aims to secure new contracts and retain existing ones with federal government entities.

The "Better Together" strategic partnership between Rackspace Technology and SMPL-C will be delivered through Rackspace Technology Government Solutions, focusing on secure, CMMC-authorized cloud infrastructure and compliance services for federal, state, and local agencies, as well as the defense industry. This collaboration integrates SMPL-C's intelligent documentation and workflow engine with Rackspace Technology's secure cloud infrastructure and advisory-led services, simplifying the path to CMMC compliance [1].

The partnership is designed to empower commercial enterprises working with the federal government to meet evolving CMMC requirements, unlocking new contract opportunities and securing existing ones. Federal compliance is no longer optional for contractors seeking to do business with the Department of Defense and other federal agencies. The new Rackspace-SMPL-C alliance simplifies the compliance journey by automating gap assessments, documentation, and evidence tracking for both Level 1 self-attestation and Level 2 certification [1].

Rackspace Technology operates as an end-to-end, hybrid, multi-cloud technology services company with a market capitalization of approximately $289.63 million. However, the company's financial health presents a mixed picture. Revenue has been declining, and profitability challenges persist, as reflected in the company's negative operating margin and debt-to-equity ratio [3].

Rackspace Technology's business performance reflects ongoing challenges in revenue trends and operational efficiency. The company's valuation metrics and market sentiment suggest a low price-to-sales ratio and a negative Altman Z-Score, indicating a possibility of bankruptcy within the next two years [3].

This strategic alliance with SMPL-C is a significant step for Rackspace Technology to enhance its cybersecurity offerings and improve its financial health by securing new government contracts. The partnership aims to address the challenges faced by the company in the competitive technology services market.

References:

[1] https://www.morningstar.com/news/globe-newswire/9517993/rackspace-technology-and-smpl-c-announce-strategic-better-together-partnership-to-accelerate-cmmc-compliance-for-government-contractors
[2] https://www.marketscreener.com/news/rackspace-technology-and-smpl-c-announce-strategic-better-together-partnership-to-accelerate-cmmc-ce7c50d9da89f72c
[3] https://www.benzinga.com/quote/RXT/report