Rackspace Announces Completion of TriCore Solution

SAN ANTONIO, TX --(Marketwired - June 20, 2017) - Rackspace ® today announced that it has completed its previously announced acquisition of TriCore Solutions, a leader in the management of enterprise applications, including Enterprise Resource Planning (ERP) Business Analytics solutions from Oracle ^® , SAP ^® and other vendors. Through this acquisition, Rackspace is now able to deliver managed services for the mission-critical enterprise applications and workloads that companies use to operate core business functions such as manufacturing, logistics, purchasing, supply chain, customer service, HR and financial operations.

"We acquired TriCore in response to customer demand," said Matt Bradley, vice president of strategy and corporate development at Rackspace. "Customers want a managed application expert to deliver a high-quality service experience at a lower total cost for these complex applications and TriCore has been doing this for nearly two decades -- they've done an incredible job and now our customers will be able to benefit from their experiences."

Mark Clayman, TriCore's CEO, will report directly to Rackspace's President, Jeff Cotten. Clayman will lead Rackspace's newly formed Enterprise Applications division that will deliver managed services for ERP, business intelligence and analytics, and data warehousing applications. These solutions are now able to be delivered by Rackspace on infrastructure in any location the customer chooses -- the customer's data center, a Rackspace data center, a colocation facility, or a hyperscale cloud provider such as Amazon Web Services™ or Microsoft® Azure®.

About Rackspace Rackspace, the #1 managed cloud company, helps businesses tap the power of cloud computing without the complexity and cost of managing it all on their own. Rackspace engineers deliver specialized expertise, easy-to-use tools, and Fanatical Support® for leading technologies including AWS, Google, Microsoft, OpenStack and VMware. The company serves customers in 150 countries, including more than half of the FORTUNE 100. Rackspace was named a leader in the 2017 Gartner Magic Quadrant for Public Cloud Infrastructure Managed Service Providers, Worldwide and has been honored by Fortune, Forbes, and others as one of the best companies to work for. Learn more at www.rackspace.com .

About TriCore Solutions TriCore Solutions, the application management experts, provides a full suite of scalable and reliable managed application, cloud and infrastructure hosting, and consulting services to enterprise organizations. With 18 years of experience, the company delivers its services and the TriCore Trusted Promise to more than 275 enterprise-class companies worldwide to reduce costs, raise service levels, improve customer experience, increase business agility, and accelerate innovation, unlocking the business value from their IT investments. Our partners include industry leaders such as Oracle, SAP, Microsoft, AWS, and HP. TriCore Solutions is headquartered in Norwell, MA, with offices in India and throughout North America. For more information, please visit www.tricoresolutions.com and @tricorenow on Twitter.