TechTaffy

tech:

taffy

Rackspace acquires Salesforce partner RelationEdge

By TechTaffy Desk

Rackspace has acquired RelationEdge, a full-service Salesforce platinum consulting partner and digital agency. Terms of the transaction were not disclosed.

“We have acquired RelationEdge in response to the growing demand we’re hearing from customers,” said Gerard Brossard, EVP and general manager of Rackspace Application Services. “Enterprise and midmarket companies are increasingly deploying SaaS applications to enhance business processes across many departments, from sales and marketing to customer service, operations, HR, and finance.”

Based in San Diego, CA, where it was founded in 2013, RelationEdge has offices in a dozen cities across the U.S. It has 125 employees. Rackspace intends to operate the business under its current leadership and the RelationEdge brand, said the company in a statement.

Both companies are privately held, with Rackspace owned by affiliates of certain funds of Apollo Global Management and certain co-investors. RelationEdge was owned by its founders, its regional market leaders, and Tide Rock Ventures.

[Image courtesy: RelationEdge]

Just in

AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.