Chutneytech | UK Technology News

Rackspace Hosting have announced that they have acquired VPS provider Slicehost and storage provider Jungle Disk for a wallet emptying $11.5 million.

The deal could tally up to as much as $16.5 million based on cash and stock payouts dependant on performance in the marketplace.

Rackspace are one of the world’s largest providers of dedicated servers, and made the news recently with its recent partnership with VMware and Mosso – its own cloud division.

The announcement today makes it clear that traditional hosting companies are seeing the growth potential of virtualized solutions.

Slicehost are one of the leading Xen-based virtual server providers, and deal primarily with developers. However, they have built a large customer base that runs over 15,000 virtual servers.

Jungle Disk are a provider of storage software that works in conjunction with Amazon’s S3 storage platform. Rackspace have made it clear that although they will be gradually moving over customers to its own storage solutions, it will continue to support Amazon S3 as well.

Rackspace currently own 8 datacentres in the US, Hong Kong and the UK.

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This entry was posted on Thursday, October 23rd, 2008 at 11:04 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.