Press Release

SustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG Initiatives

May 2, 2023

Nonprofit Organization Showcases Early Movers in Advancing Global Sustainability Through Technology Leadership

SAN ANTONIO, May 02, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced SustainableIT.org, the CIO-led nonprofit organization dedicated to advancing global sustainability through technology leadership, today announced Srini Koushik, EVP & CTO of Rackspace Technology had been presented with SustainableIT Impact Awards for Social Impact. These awards recognize technology leaders and their C-suite partners for their leadership and achievement in driving environmental, social, or governance (ESG) sustainability, representing the values and goals that are part of SustainableIT's mission.

The honorees represent a broad spectrum of companies, reflecting the program's goal of inspiring CIOs and CTOs to lead in addressing their businesses' ESG challenges and opportunities. Winners were chosen based on their goals and progress in advancing sustainability and their positive impact on their businesses.

 "Sustainability is a journey," said Srini Koushik, EVP & CTO Rackspace Technology. "Modern enterprises must collaborate across their sectors and recognize that their success is intertwined with the planet's health and society." 

Leaders of the SustainableIT.org nonprofit reflected on the broader importance of the awards. Board member Shannon Gath, CIO of Teradyne, said, "Our honorees serve as beacons for their industries, hopefully inspiring all technology leaders to step up and lead on sustainability. As IT leaders, we are uniquely positioned within our companies to put the power of technology behind ESG. As with other business imperatives, technology is an essential component."

The winners of this year's Impact Awards will be recognized at the SustainableIT Awards Gala on the evening of Tuesday, May 2, 2023, at The Fontainebleau Miami Beach and Scott Sanders, Rackspace Technology CIO, will accept the award on Koushik’s behalf. The Gala will be held in partnership with the Delphix Data Company Summit, an annual technology leadership conference dedicated to advancing solutions and best practices for using data to accelerate innovation while strengthening compliance, improving software quality, and reducing costs.

About SustainableIT.org
SustainableIT.org is a nonprofit organization focused on advancing global sustainability through technology leadership. Our mission is to define sustainable transformation programs by industry, author best practices and frameworks, set standards and certifications, provide education and training, and raise awareness for environmental and societal programs that make our organizations and the world sustainable for generations to come.

About Rackspace Technology
Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Media Contact: Natalie Silva, publicrelations@rackspace.com


You are using an outdated browser and are receiving a degraded experience. Please switch to the latest version of Microsoft Edge, Mozilla Firefox, Safari or Google Chrome. [Dismiss]

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Rackspace Technology, Inc.  (“RXT”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither RXT nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against RXT and Virtua and further acknowledge and agree that in no event shall RXT or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if RXT and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, RXT may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess RXT operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. RXT and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.