Rackspace's Datapipe Acquisition Further Heats Up Hot Year For Channel M&A
Rackspace on Monday announced an agreement to acquire Datapipe in a blockbuster deal uniting two of the world's largest managed services providers.
The largest acquisition in San Antonio, Texas-based Rackspace's history looks to create an MSP juggernaut with a global data center footprint, broad customer base and deep alliances spanning all hyper-scale cloud operators.
The combined entity will see annual revenue of $2.4 billion, and employ roughly 6,700 people.
Rackspace's Chief Strategy Officer Matt Bradley told CRN that Datapipe's infrastructure, custom-built automation tools, public sector customers, extensive certifications and high-skilled employees would launch Rackspace's managed cloud portfolio to another level.
The Rackspace and Datapipe combination is the latest in a series of major channel M&A deals shifting the managed services landscape in the cloud era. Here are some other notable acquisitions in 2017.