Jan 23, 2008 : Rackspace Places on FORTUNE List


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) announced on Wednesday that it has been ranked 32 on FORTUNE's (fortune.com) 11th annual "100 Best Companies to Work For" list.


As a first-time applicant for the award, Rackspace says it was honored among more than 400 entrants nationwide for its dedication to employee recognition, empowerment, communication, development and training.

A driving factor for the list this year was that these companies excelled in creating jobs. With a worldwide workforce of 2,000 employees, or "Rackers", Rackspace created more than 500 jobs in the US in 2007, says the company. Other perks Rackspace was commended for included an open communication with all executives, bi-monthly meetings as well as quarterly celebrations for employees to recognize and thank them for their work.

"At Rackspace, we consider ourselves a service business, delivering what we call Fanatical Support to more than 15,000 businesses worldwide. Fanatical Support starts with talented, engaged Rackers who are eager to serve," says Lanham Napier, president and CEO of Rackspace. "We are proud of the company we're building together and our culture that powers Fanatical Support. This recognition from FORTUNE magazine reassures us that we're creating a company that brings out the best in people."

On Tuesday, Rackspace launched a new virtualization initiative, starting with the enterprise-class support of dedicated virtualized servers.

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Company: Rackspace

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