Rackspace announces completion of acquisition of TriCore Solutions

SAN ANTONIO, Texas–(Marketwired – June 20, 2017) – Rackspace® announced today that it has completed its previously announced acquisition of TriCore Solutions, a leader in enterprise application management including enterprise resource planning (ERP) solutions, from Oracle^®SAP^® and other sellers. With this acquisition, Rackspace is now able to provide managed services for mission-critical enterprise applications and workloads that companies use to support core business functions such as manufacturing, logistics, purchasing, supply chain, customer service, human resources and financial operations.

“We acquired TriCore in response to customer demand,” said Matt Bradley, vice president of strategy and corporate development at Rackspace. “Customers want a managed applications expert to deliver high-quality service at a lower overall cost for these complex applications, and TriCore has been doing that for almost twenty years – they have done an incredible job, and now our customers will benefit from their experience.”

Mark Clayman, CEO of TriCore, will report directly to Rackspace CEO Jeff Cotten. Clayman will lead Rackspace’s newly established enterprise applications division, which will provide managed services across ERP systems, business analytics and data warehousing applications. These solutions can now be delivered by Rackspace on infrastructure at any location the customer chooses – the customer’s data center, a Rackspace data center, a colocation facility, or a hyperscale cloud provider such as Amazon Web Services™ or Microsoft® Azure®.

About Rackspace
Rackspace, the #1 cloud management company, helps businesses harness the power of cloud computing without the complexity and expense of managing it all themselves. Rackspace engineers provide expertise, easy-to-use tools and Fanatical Support® for leading technologies including AWS, Google, Microsoft, OpenStack and VMware. The company serves customers in 150 countries, including more than half of the FORTUNE 100. Rackspace was recognized as a leader in the 2017 Gartner Magic Quadrant for global public cloud managed service providers and has been honored by Fortune, Forbes and others as one of the best companies worth working for. For more information, visit www.rackspace.com.

About TriCore solutions
TriCore Solutions, experts in application management, provides a complete suite of scalable and reliable managed applications, cloud and infrastructure hosting, and consulting services for enterprise organizations. With 18 years of experience, the company provides its services and TriCore Trusted Promise to over 275 enterprise companies around the world to reduce costs, increase service levels, improve customer experience, increase business agility and accelerate innovation, unlocking business value from their IT investments . Our partners include industry leaders such as Oracle, SAP, Microsoft, AWS and HP. TriCore Solutions is headquartered in Norwell, Massachusetts, with offices in India and throughout North America. For more information, visit www.tricoresidents.com and @tricorenow on Twitter.