• Rackspace Acquires JungleDisk, Slicehost To Take On Amazon Web Services

    Web hosting provider Rackspace has acquired JungleDisk, an online backup service, and Virtual Machine provider Slicehost in a deal designed to help bolster its offerings against top competitor Amazon Web Services. The announced acquisition price is $11.5 million in cash and stock, with the possibility of up to an additional $16.5 million depending on performance. Jungle Disk is a file storage… Read More