Success Story

Rackspace

  • Founded: December 1998
  • NVP Investment: $27.5 Million
  • IPO: August 8, 2008
  • Revenue: $362 Million (YE 2007)
  • Employees: 2,254
  • Location: Austin, TX
  • NYSE: RAX
Graham Weston

Graham Weston

Chairman

“NVP has provided support and guidance to Rackspace for many years and throughout the successful growth of our company. NVP's dedication to its entrepreneurs, outstanding operating experience and extensive global partner network have been of great benefit to Rackspace, and we are pleased to be included among the success stories in NVP's portfolio of leading technology companies.“

Lanham Napier

Lanham Napier

President and CEO

"NVP, like Rackspace, believes in fanatical customer service, and it's refreshing to have a partner that practices what we preach every day to our employees and customers. NVP makes the extra effort to support its portfolio companies, and truly understands how to build and grow leading businesses. NVP's recruiting assistance, business development efforts, sound guidance on our business initiatives and strategic financial advice at the time of our IPO have all been invaluable and instrumental to Rackspace's ongoing success."