Rackspace buys Slicehost and Jungle Disk

October 22, 2008 1-minute read

Rackspace announced today that it has agreed to buy Slicehost and Jungle Disk for a total of $18 million. This move is supposed to improve its Mosso cloud offerings to better compete with Amazon Web Services.

Slicehost is a leader in Xen-based virtual machine hosting with more than 15,000 “slices” online today. Jungle Disk offers reliable cloud storage solutions that allow users to easily share an unlimited amount of cloud storage between multiple users through a secure, mountable network drive and automatic backup.

http://ir.rackspace.com/phoenix.zhtml?c=221673&p=irol-newsArticle&ID=1215812&highlight=

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