Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms,.. - From TechCrunch
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Rackspace, together with NASA, also founded the open source OpenStack project, which provides enterprises with the building blocks for setting up their own private clouds (which it will also happily manage for its customers).
That slow but steady growth, however, wasn’t rewarded by Wall Street, with the company’s stock recently trading as low as $16.76, down from almost $80 back in 2013 and a high of close to $55 in early 2015.
That made the company an obvious candidate for going private again with the help of a private equity company like Apollo.