Rackspace (RAX) has acquired online backup company JungleDisk and developer-focused virtual server company Slicehost to hasten its expansion into the cloud.
Rackspace (RAX) has borrowed an additional $150 million on its revolving line of credit, citing "uncertain economic conditions in the credit and bank markets."
Rackspace Hosting, Inc. (RAX) announced late Thursday that its IPO will be priced at $12.50 per share, near the low end of the expected range of $12 to $16.