Rackspace Acquires ObjectRocket to Help Customers Scale MongoDB in the Cloud

  Rackspace Acquires ObjectRocket to Help Customers Scale MongoDB in the Cloud

 Acquisition to Provide Open Cloud Customers with NoSQL Database as a Service
        Offering That’s Significantly Faster Than Leading Competitors

Business Wire

SAN ANTONIO -- February 27, 2013

Today, Rackspace® Hosting (NYSE: RAX), the open cloud company, announced it
has entered into a definitive agreement to acquire ObjectRocket, a MongoDB
database as a service (DBaaS) provider. With ObjectRocket’s open source-based
MongoDB solution, Rackspace will broaden its OpenStack-based open cloud
platform to offer customers a NoSQL DBaaS. The ObjectRocket offering also
immediately expands Rackspace’s capability to help customers shoulder big data
in the cloud for today’s most demanding applications. The acquisition will
close today.

According to a report from The 451 Group, “NoSQL software revenue is expected
to grow at a CAGR of 82 percent to reach $215 million by 2015.” With the
acquisition of ObjectRocket, Rackspace will establish a strong presence within
the high growth, NoSQL database market. The ObjectRocket offering will be
available in early March for Rackspace customers in its Chicago facility and
will soon be deeply integrated across Rackspace's Open Cloud portfolio.
ObjectRocket also leverages AWS Direct Connect to provide low latency and free
bandwidth to AWS customers and will continue to be sold as a standalone
service.

“Databases are the core of any application and expertise in the most popular
database technologies will be critical tousdeliveringFanatical Support® in
the open cloud,”said Pat Matthews, senior vice president of corporate
development at Rackspace.“As we look toexpand our open cloud
databaseoffering into the MongoDB world, we are really excited to work with
the entrepreneurs and engineers at ObjectRocket.”

ObjectRocket’s platform is specifically architected to provide an easy-to-use,
consistently fast and scalable MongoDB environment. The platform also offers
best-in-class features, which include:

  *Highly Available – Each instance resides on multiple redundant pieces of
    infrastructure, while databases are replicated and optionally exist in
    multiple geo-diverse data centers.
  *Automatically Scalable – ObjectRocket’s RocketScale™ technology inherently
    shards instances, enabling developers to automatically provision and
    manage instances. Customers can choose from a variety of plans to fit
    their workload – from one gigabyte to multi-terabyte scale.
  *Consistently Fast Performance – The complete stack has been optimized
    specifically for MongoDB applications. The network stack, file system, OS
    kernel, and other resources have been configured to make MongoDB as fast
    as possible. All data is stored on redundant, blazing-fast SolidState
    Drives. During internal performance benchmarking tests:

       *ObjectRocket produced a consistent latency of 2ms, which is 10X
         faster than the closest DBaaS competitor
       *ObjectRocket met all target throughputs, up to 10,000 ops per second,
         which is three times the rate of the nearest DBaaS competitor
       *To view performance benchmarking test results and methodology, visit:
         http://devops.rackspace.com/benchmarking-hosted-mongodb-services.html

  *24x7 Fanatical Support – ObjectRocket owns and controls the entire stack,
    allowing for greater visibility into potential platform issues and faster
    resolution. With ObjectRocket, every customer receives 24x7x365 fanatical
    support.

“As the inventors and leading developers of MongoDB, 10gen is pleased to
support Rackspace and their customers in the launch of Rackspace’s first
non-relational database as a service product,” said Max Schireson, CEO of
10gen. “We think the market will be excited to see Rackspace deliver a NoSQL
DBaaS offer based on MongoDB, the most popular NoSQL database.”

The ObjectRocket founding team collectively brings more than 50 years of
experience in scaling large data systems, including MongoDB. They have also
designed and managed systems that power some of the busiest sites on the web,
and played key founding development roles at companies like Shutterfly,
PayPal, eBay and AOL. Co-founder Kenny Gorman has also been recognized as a
MongoDB Master, which is a designation awarded by 10gen to only 35 MongoDB
core contributors and community evangelists around the world.

“ObjectRocket is thrilled to join the Rackspace family. With Rackspace’s open
cloud philosophy and our shared emphasis on providing the highest level of
customer support, we feel this union is an ideal fit,” said Chris Lalonde,
co-founder and CEO of ObjectRocket. “Since the beginning, our focus has been
on creating a DBaaS platform that would perform, scale and support critical
workloads in a superior manner. Joining forces with Rackspace will enable us
to achieve this goal, while delivering one of the most advanced MongoDB DBaaS
solutions on the market.”

To learn more about ObjectRocket or to sign up for the service, please visit
http://www.rackspace.com/blog/objectrocket-acquisition-faq/

About Rackspace

Rackspace® Hosting (NYSE: RAX) is the open cloud company, delivering open
technologies and powering more than 205,000 customers worldwide. Rackspace
provides its renowned Fanatical Support® across a broad portfolio of IT
products, including Public Cloud, Private Cloud, Hybrid Hosting and Dedicated
Hosting. Rackspace has been recognized by Bloomberg BusinessWeek as a Top 100
Performing Technology Company, is featured on Fortune’s list of 100 Best
Companies to Work For and is included on the Dow Jones Sustainability Index.
Rackspace was positioned in the Leaders Quadrant by Gartner Inc. in the “2011
Magic Quadrant for Managed Hosting.” Rackspace is headquartered in San Antonio
with offices and data centers around the world. For more information,
visitwww.rackspace.com.

Forward Looking Statements

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 expected development, performance or market
acceptance associated with the acquired products and services of ObjectRocket;
anticipated operational and financial benefits from the acquired products and
services of ObjectRocket, including the implementation and use of such
products or services into Rackspace product and service offerings; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Risks, uncertainties and assumptions include
including the possibility that expected benefits from the ObjectRocket
products and services may not materialize because products and services are
not generally accepted in the marketplace, which could occur due to certain
factors including (i) a failure to market the acquired products and services
cost effectively, differentiate the products and services from competitive
products and services or communicate the differentiations effectively, (ii)
the reliability, quality or compatibility associated with the acquired
products and services, (iii) our inability to develop the acquired technology
into our products or services effectively, (iv) changes in technology which
adversely affect the benefits of the products or services, (v) internal
strategy decisions that impact the products and services, and (vi) other risks
that are described in Rackspace’s Form 10-Q for the quarter ended September
30, 2012, filed with the SEC on November 7, 2012. Except as required by law,
Rackspace 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.

Contact:

Rackspace Hosting
Brandon Brunson, 512-680-4385
brandon.brunson@rackspace.com