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Rackspace has announced that it will be acquiring the cloud-native consulting and managed services company, Onica for an undisclosed sum. An agreement has been reached to acquire the Santa Monica, CA-based firm, which will give Rackspace new professional services capabilities in areas such as strategic advisory, architecture and engineering, and application development.
Onica is a fairly young company, having only been formed in 2014, yet during the past 5 years the company has amassed more than 350 skilled consultants across the United States and holds competencies in DevOps, IoT, Microsoft Workloads, data and analytics, migration and storage, education, healthcare, and industrial software. The company is regularly included in Inc. Magazine’s best places to Work list and has also achieved fifth spot in CRN® Fast Growth 150 list.
Onica helps companies build new revenue streams and improve efficiency through adoption of the cloud. The company has helped companies acquire the innovative capabilities of the cloud and has implement some of the most complex technology projects the world has seen. The expertise of Onica in providing high-end professional services for the public cloud will help Rackspace better serve customers who are quickly maturing on AWS.
“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,” said Rackspace CEO, Kevin Jones.
Rackspace expects to complete the acquisition by the end of the fourth quarter of 2019. CEO Stephen Garden and Chief Technology Officer, Tolga Tarhan, will continue to lead the Onica team and will report directly to Rackspace General Manager of Americas, Sid Nair.