Cloud Managed Services Sees More M&A Activity, Rackspace Expands

One of the largest players in the cloud services market, Rackspace, recently announced it would expand and enhance its offerings through the acquisition of Onica, a relatively new but fast growing entrant to the field. Founded in 2014, Onica quickly grew to over 350 deeply skilled employees offering consulting and managed services to enable businesses in operating and innovating in the cloud. It is considered a leading full spectrum integrator.

Kevin Jones, Rackspace’s CEO is enthusiastic about his latest pickup, “As a cloud pioneer, Onica has established itself as one of the largest pure-play AWS consultancies, with an unmatched reputation for true capability leadership with AWS and customers,” said Jones. “This acquisition will strengthen our ability to meet all of our customer needs on AWS, and together, we will have the most complete set of professional services and managed service capabilities in the industry. Rackspace is known for providing Fanatical Experience™ to its customers and Onica’s customer-first mindset is a natural culture fit. We are thrilled to welcome Stephen, Tolga and the talented Onica team to the Racker family.”

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Onica’s CEO Stephen Garden also provided a note of excitement, “By combining our capabilities with Rackspace’s global presence, resources and scale, we will be better positioned to achieve our mission of helping customers innovate using AWS.” Garden further added, “We pride ourselves on delivering results for customers, and in Rackspace we have found a partner that shares our passion for providing a customer-obsessed experience.