Rackspace Acquires Two Startups to Challenge Amazon's Cloud Venture

Pulkit Chandna

Rackspace Hosting has made two acquisitions in a bid to establish itself as a major player in the lucrative cloud computing market. It has acquired Slicehost and Jungle Disk to bolster its Mosso cloud service. The acquisitions are said to be worth $28 million. Rackspace’s Cloud Files, scalable file storage service, will most probably be integrated into Slicehost, according to the Slicehost website .

Jungle Disk, which offers a cloud storage solution for multiple users, uses Amazon’s Simple Storage Service, but will begin offering Rackspace’s Mosso service as well. The two acquisitions will help Rackspace Hosting compete more fiercely with its more accomplished rival Amazon Web Services .

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