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Local cloud hosting provider Rackspace Hosting Inc. is under contract to acquire TriCore Solutions, an East Coast information technology services company, in June, the acquiring company confirmed. Norwell, Massachusetts-based TriCore Solutions was sold to BV Investment Partners, a midmarket private equity firm in 2014. Lumerity Capital was another co-investor of TriCore Solutions.
Rackspace Hosting Inc. hired a new CEO slated to start next month, the company confirmed to the Business Journal. Joe Eazor is the former CEO of Earthlink Inc., a Georgia-based information technology services and telecommunications company that was acquired by internet services provider Windstream Holdings Inc. in a $1.1 billion deal in February. Eazor "has a proven reputation for driving investment and allocation of resources to the areas that will generate the best returns," said David Sambur, a partner at Apollo Global Management LLC and board member of Rackspace, in a statement.
NEW YORK, NY / ACCESSWIRE / May 24, 2017 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rackspace Hosting, Inc. ("Rackspace" or the ...