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Thursday, March 31, 2011

Rackspace (RAX) (Dell) (EQIX) Partner on OpenStack

Shares of Rackspace Hosting (NYSE:RAX) soared to an all-time high on news its partnering with Dell Inc. (Nasdaq:DELL) and Equinix, Inc. (NASDAQ:EQIX) on an open-source cloud-computing platform named OpenStack they developed together.

The demo environment will be offered in three data centers: the Rackspace data center in Chicago, Illinois., the Equinix International Business Exchange (IBX) in Silicon Valley, California, and in Ashburn, Virginia.

The trio also have a strategy in place to work on similar demo environments in Equinix data centers in Asia and Europe during the second quarter of 2011.

What the demonstration environment does is empower entities to quickly and easily assess a variety of applications on the open-source cloud platform.

Rackspace closed Wednesday at $43.01, gaining $3.30, or 8.31 percent.

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