Rackspace and Rubrik launch a managed Cyber Recovery Service for public cloud environments, enhancing data protection against ransomware attacks.
Quiver AI Summary
Rubrik and Rackspace Technology have launched the Rackspace Cyber Recovery Service, a new managed service targeting customers using public cloud platforms. This service combines Rubrik's data protection solutions with Rackspace's managed services and DevOps methodologies to enhance cyber resilience, particularly against ransomware attacks. It features automated workflows for restoring critical business workloads from clean, immutable backups in a zero-trust environment, allowing businesses to recover quickly, often within hours. The service addresses the rising challenges enterprises face in public clouds, such as lack of visibility and slow recovery processes, by offering proactive threat detection, expert management, and compliance support. This partnership aims to set a new standard for recovering and safeguarding cloud workloads in an increasingly complex cyber landscape.
Potential Positives
- Announcement of the Rackspace Cyber Recovery Service, a new managed service aimed at enhancing cyber resilience for enterprises operating in public cloud environments.
- Partnership with Rackspace combines Rubrik's data protection solutions with advanced DevOps practices, significantly improving the speed and reliability of recovery from ransomware attacks.
- Service provides proactive protection with continuous anomaly detection and threat monitoring, addressing critical challenges of modern enterprises facing cyber threats.
- Enhanced compliance support through detailed reporting and consistent management of data retention policies, positioning Rubrik as a leader in the rapidly growing cyber resilience market.
Potential Negatives
- The press release highlights the rising frequency of cyber attacks, suggesting a challenging environment for companies like Rubrik that offer data security solutions, which may raise concerns about their effectiveness.
- The forward-looking statements section warns of numerous uncertainties and risks that could lead to adverse outcomes, potentially undermining investor confidence.
- "Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all," indicating potential delays in delivering promised solutions, which could affect customer trust.
FAQ
What is Rackspace Cyber Recovery Service?
Rackspace Cyber Recovery Service is a new managed service that enhances cyber resilience for enterprises running workloads in public clouds.
How does Rackspace Cyber Recovery Service work?
The service combines Rubrik’s data protection and cyber recovery solutions with Rackspace’s managed services, utilizing automated workflows and cloud-native tools.
Why is cyber resilience important for cloud environments?
Cyber resilience is crucial due to the increasing frequency of cyber attacks and the complexities of managing diverse cloud environments effectively.
What benefits does Rackspace Cyber Recovery Service offer?
It provides proactive protection, expert management, improved compliance, and advisory services for data recovery and threat detection.
Who should consider using Rackspace Cyber Recovery Service?
Organizations operating in public clouds that require robust protection and quick recovery solutions from cyber threats should consider this service.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RXT Insider Trading Activity
$RXT insiders have traded $RXT stock on the open market 19 times in the past 6 months. Of those trades, 1 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $RXT stock by insiders over the last 6 months:
- AMAR MALETIRA (Chief Executive Officer) has made 0 purchases and 3 sales selling 615,656 shares for an estimated $1,207,613.
- MARK A. MARINO (Chief Financial Officer) has made 0 purchases and 4 sales selling 331,476 shares for an estimated $820,753.
- DHARMENDRA KUMAR SINHA (EVP, President, Public Cloud) has made 0 purchases and 4 sales selling 305,759 shares for an estimated $666,996.
- SRINI KOUSHIK (President, Technology) has made 0 purchases and 4 sales selling 110,635 shares for an estimated $232,424.
- BRIAN LILLIE (EVP, President Private Cloud) sold 20,165 shares for an estimated $51,219
- ANTHONY C. ROBERTS purchased 19,455 shares for an estimated $50,583
- KELLIE TEAL-GUESS (Chief Human Resources Officer) has made 0 purchases and 2 sales selling 12,405 shares for an estimated $30,588.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RXT Hedge Fund Activity
We have seen 49 institutional investors add shares of $RXT stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MACKENZIE FINANCIAL CORP removed 1,009,598 shares (-31.0%) from their portfolio in Q1 2025, for an estimated $1,706,220
- RUSSELL INVESTMENTS GROUP, LTD. added 825,741 shares (+4053.5%) to their portfolio in Q1 2025, for an estimated $1,395,502
- MORGAN STANLEY added 711,666 shares (+32.4%) to their portfolio in Q1 2025, for an estimated $1,202,715
- RENAISSANCE TECHNOLOGIES LLC added 601,266 shares (+31.2%) to their portfolio in Q1 2025, for an estimated $1,016,139
- UBS GROUP AG removed 560,928 shares (-67.4%) from their portfolio in Q1 2025, for an estimated $947,968
- VANGUARD GROUP INC added 557,731 shares (+11.4%) to their portfolio in Q1 2025, for an estimated $942,565
- MILLENNIUM MANAGEMENT LLC added 484,198 shares (+98.6%) to their portfolio in Q1 2025, for an estimated $818,294
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN ANTONIO, May 21, 2025 (GLOBE NEWSWIRE) -- Rubrik (NYSE: RBRK), a leading cyber resilience company, and Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, have announced Rackspace Cyber Recovery Service – a new managed service for customers operating in public cloud. By combining Rubrik’s orchestrated data protection and cyber recovery solutions with Rackspace’s DevOps principles and managed services, enterprises can simplify and accelerate recovery from ransomware attacks. Automated workflows deliver clean data and workloads through immutable backups, zero-trust architecture and Infrastructure as Code. With Rackspace Cyber Recovery Service, critical business workloads running in public clouds can be restored in hours, helping enterprises significantly strengthen their cyber resilience.
Why does this matter?
Organizations running key workloads in public clouds face growing challenges when responding to cyber attacks – from limited visibility and inconsistent backup policies to slow recovery times and lack of automation to rebuild at scale. At the same time, IT leaders are grappling with increasingly complex and distributed cloud environments, making it difficult to maintain consistency, ensure visibility and execute reliable recovery. Recently, Rubrik Zero Labs revealed that 90% of global IT and security executives reported cyber attacks in the last year. In the event of major disruptions – such as ransomware attacks – many enterprises struggle to restore critical workloads quickly due to fragmented tooling, manual processes, untrusted data and inadequate automation.
“Enterprises can no longer rely on traditional recovery methods in a cloud-first, threat-intensified world,” said DK Sinha, President for Public Cloud at Rackspace Technology. “To ensure recoverability in the public cloud, they must adopt a new approach that leverages cloud native tools, modern DevOps methodologies and trusted expertise. Through our partnership with Rubrik, Rackspace Cyber Recovery Service sets a new standard for cyber resilience of public cloud workloads.”
Rackspace Cyber Recovery Service Extends Fast and Confident Cyber Resilience to Public Cloud
Rackspace Cyber Recovery Service applies Infrastructure as Code and platform engineering principles to cyber recovery, enabling restoration of critical workloads across multi-cloud environments. The journey begins with a professional services-led transformation, where Rackspace experts modernize recovery architectures and codify resilient workflows tailored to each environment. These capabilities are then transitioned into a ‘Day 2’ fully managed service, ensuring continuous validation, optimization and operational readiness. By orchestrating Recovery as Code, the solution delivers rapid, repeatable and auditable workflows aligned with modern DevOps practices. Paired with Rubrik’s immutable architecture and AI-driven threat detection and containment, it ensures clean data recovery into secure landing zones with minimal operational disruption.
“Amidst the evolving complexities of multiple cloud environments, proactive cyber resilience is not a luxury but a necessity. Together, Rackspace and Rubrik offer a differentiated, engineering-led approach to cyber resilience,” said Ghazal Asif, Vice President of Global Channels and Alliances at Rubrik. “Specifically designed for complex, distributed cloud environments, our companies are at the forefront of safeguarding organizations against the rising tide of ransomware attacks in the realm of cloud and SaaS platforms.”
Rackspace Cyber Recovery Service provides enterprises running public cloud workloads with:
- Proactive Protection : Continuous anomaly detection and threat monitoring to identify and resolve potential issues before they impact backups or recovery capabilities
- Expert Management : Optimal backup configuration, policy and lifecycle management
- Cloud Management : Infrastructure management services to ensure your applications are managed efficiently in the cloud while infrastructure and data restoration procedures are tested for recovery during incidents or disasters
- Improved Compliance : The ability to support data retention policies and regulatory requirements with consistent management and detailed reporting
-
Advisory & Professional Services
: Strategic guidance and implementation of Rubrik-powered cyber recovery solutions – including RTO/RPO planning, regulatory alignment and deployment of automated Infrastructure as Code workflows into secure landing zones
About Rackspace Technology
Rackspace Technology
is a leading end-to-end, hybrid, and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
About Rubrik
Rubrik (NYSE: RBRK) is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.
For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.
SAFE HARBOR STATEMENT:
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Identity Resilience and its anticipated benefits for our customers. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including those described under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended January 31, 2025. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management's good faith belief as of that time with respect to future events. We assume no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.
Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.
Media Contacts
Matt Conroy
Stanton Public Relations & Marketing
[email protected]
(646) 502-3563
Meghan Fintland
Head of Global PR at Rubrik
[email protected]
(925) 785-9192