Rackspace, a managed cloud company, recently sold its cloud hosting business to Liquid Web, a web hosting and close service provider. The purchase by Liquid Web will give them all of Rackspace’s cloud customers and the entire Cloud Sites Business Unit. The Rackspace staff and company will remain in San Antonio and a cost for the purchase has not been released yet.
Customers from Rackspace are expected to experience an easy transition as Liquid Web moves the business to their own infrastructure. The company also announced plans to invest further into solutions for Cloud Sites to better serve their new and existing customers.