Rackspace Hosting and Akamai Join Forces to Give Customers Faster Online Computing

SAN ANTONIO & CAMBRIDGE, Mass. - Rackspace® Hosting, the world's leading specialist in the hosting and cloud computing industry, and Akamai Technologies, Inc., the leading provider of cloud optimization services, announced today a strategic relationship that will enable Rackspace to offer Akamai's web acceleration and cloud optimization services as part of its dedicated and cloud hosting portfolio.

The industry's best service

Just as Rackspace is committed to giving its clients the industry's best service, Akamai has achieved the same level of user satisfaction with its globally-distributed network, which helps businesses optimize the cloud. Integrating Akamai's services into the Rackspace product portfolio addresses four common challenges faced by companies moving their businesses into the cloud or into hosted environments: latency, availability, scalability and security.

Rackspace Hosting is the world's leading specialist in the hosting and cloud computing industry, and the founder of OpenStack, an open source cloud platform. The San Antonio-based company provides Fanatical Support® to its clients, across a portfolio of IT services, including Managed Hosting and Cloud Computing. In 2010, Rackspace was recognized by Bloomberg BusinessWeek as a Top 100 Performing Innovation Company and listed on the InformationWeek 500 as one of the nation's most innovative users of business research. The company was as well positioned in the Leaders Quadrant by Gartner Inc. in the "2010 Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting." For more information, visit www.rackspace.com.

This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning expected development, performance or market acceptance associated with our product offerings and services, including those provided by Akamai; anticipated operational and financial benefits from our product offerings and services, including those provided by Akamai; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include including the opportunity that expected benefits from our product offerings and services may not materialize because our products are not usually accepted in the marketplace, which could occur due to certain factors including a failure to market the product or services cost effectively, differentiate the product from competitive products or communicate differentiations effectively, the reliability, quality or compatibility associated with our products and services, changes in research which adversely affect the benefits of our products or services, and other risks that are described in Rackspace Hosting's Form 10-Q for the quarter ended September 30, 2010, filed with the SEC on November 9, 2010. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements openly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available hereafter.

Akamai® provides market-leading, cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure eCommerce. Combining highly distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com and follow @Akamai on Twitter.