Rackspace acquires Salesforce specialist RelationEdge – TechCrunch
Rackspace right this moment introduced that it has acquired RelationEdge, a Salesforce implementation associate and digital company. The businesses didn’t disclose the monetary particulars of the acquisition.
At first, this may increasingly sound like an odd acquisition. Rackspace continues to be finest identified for its internet hosting and managed cloud and infrastructure companies, in spite of everything, and RelationEdge is all about serving to companies handle their Salesforce SaaS implementations. The corporate clearly desires to broaden its portfolio, although, and add managed companies for SaaS functions to its lineup. It made step one on this course with the acquisition of TriCore final yr, one other firm within the enterprise software administration area. In the present day’s acquisition builds upon this theme.
Gerard Brossard, the chief VP and common supervisor of Rackspace Utility Providers, instructed me that the corporate continues to be within the early days of its software administration observe, however that it’s seeing good momentum because it’s gaining each new clients thanks to those choices and as current clients look to Rackspace for managing greater than their infrastructure. “This enables us to leap into that SaaS administration observe, beginning with the leaders out there,” he instructed me.
Why promote RelationEdge, an organization that has gained some good traction and now has about 125 staff? “On the finish of the day, we’ve completed an incredible quantity organically with little or no funding,” RelationEdge founder and CEO Matt Stoyka instructed me. “However there’s a large alternative within the area that we will make the most of. However to try this, we would have liked greater than was obtainable to us, however we would have liked to search out the appropriate dwelling for our folks and our firm.” He additionally famous that the 2 corporations appear to have an analogous tradition and mission, which focuses extra on the enterprise outcomes than the know-how itself.
In the interim, the RelationEdge model will stay and Rackspace plans to run the enterprise “with appreciable independence underneath its present management.” Brossard famous that the explanation for that is RelationEdge’s current model recognition.
Supply hyperlink – https://techcrunch.com/2018/05/17/rackspace-acquires-salesforce-specialist-relationedge/