SAN ANTONIO, TX—(Marketwired – December 10, 2015) – Rackspace® (NYSE: RAX) today announced that technology industry veteran and proven sales leader Alex Pinchev has joined the company as executive vice president and president of global sales and marketing. Effective January 1, Pinchev will oversee Rackspace's sales and marketing organizations and drive company growth as the leader in managed cloud services.
Pinchev brings more than 30 years of technology industry experience to Rackspace. From 2003 to 2012, he led sales, services and marketing at Red Hat, and helped increase the company's revenue tenfold to more than $1 billion. While at Red Hat, Pinchev built key relationships with many Fortune 1000 companies and launched a global partner network with major original equipment manufacturers, value added resellers, independent software vendors and system integrators.
After leaving Red Hat, Pinchev served as president and CEO of Acronis, a leader in data protection and disaster recovery software. He was most recently CEO of Capri Ventures, which helps technology start–ups develop go–to–market strategies, sales scalability and business modeling to accelerate growth.
Pinchev holds a master's degree in applied mathematics and computer science from University ITMO in St. Petersburg, Russia.
“Alex joins Rackspace at a transformative moment, as we help businesses tap the power of multiple cloud platforms and technologies,” said Taylor Rhodes, president and CEO of Rackspace. “In the past five months, we have launched major offerings to support clouds from industry leaders Amazon Web Services and Microsoft, and have worked with Intel to launch the OpenStack Innovation Center. We launched a new managed security offering and have dedicated new resources to acquiring and serving large enterprise customers. Our job now is to turn these investments into growth. Alex is the experienced leader that can help us make that happen.”
“The increase in global cloud adoption creates a significant opportunity for Rackspace,” said Pinchev. “Rackspace delivers the industry's best expertise and customer service across the leading cloud platforms that customers choose. That positions us to help customers transition out of their data centers and tap the cloud platforms and technologies that best fit each of their workloads. I'm excited to join this talented team of sales and marketing Rackers, and help Rackspace benefit from the key investments it has made in recent months.”
About Rackspace
Rackspace (NYSE: RAX), the #1 managed cloud company, helps businesses tap the power of cloud computing without the challenge and expense of managing complex IT infrastructure and application platforms on their own. Rackspace engineers deliver specialized expertise on top of leading technologies developed by AWS, Microsoft, OpenStack, VMware and others, through a results–obsessed service known as Fanatical Support®. The company has more than 300,000 customers worldwide, including two–thirds of the FORTUNE 100. Rackspace was named a leader in the 2015 Gartner Magic Quadrant for Cloud–Enabled Managed Hosting, and has been honored as one of Fortune's Best Companies to Work For in six of the past eight years. Learn more at www.rackspace.com.
Forward Looking Statement
This press release contains forward–looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward–looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward–looking statements, including any statements concerning anticipated operational and financial benefits from Rackspace strategies related to additions or changes in leadership, the success of leadership transition, company growth or success of new sales initiatives, any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the integration and effectiveness of the new leadership into the Rackspace culture, the continuation of the current difficult economic conditions or further fluctuations, disruptions, instability or downturns in the economy, the effectiveness of managing company growth, infrastructure failures, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting's Form 10–Q for the quarter ended September 30, 2015 filed with the SEC on November 9, 2015. Except as required by law, Rackspace Hosting assumes no obligation to update these forward–looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward–looking statements, even if new information becomes available in the future.