August 15, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Amidst recent initial public offering announcements and product upgrades, it seems managed hosting provider Rackspace Hosting (rackspace.com) has been able to find the time provide some tender loving care and support to its local San Antonio community as well.
According to reports in Bizjournals.com on Wednesday, the hosting provider will be giving Montgomery Elementary School a "much needed makeover" as part of a partnership with the North East Independent School District.
Under the deal, Rackspace will be helping the school district with "beautification" projects at various locations throughout the 2008-2009 school year.
Some of these projects include tasks like "planting teaching gardens, painting and decorating college-themed hallways, and hanging welcome banners and student artwork."
Bizjournals says Rackspace employees, also known as "Rackers," will be working with community members on Saturday from 9:00 a.m. to 1:00 p.m. local time to improve the aesthetics and general environment of the school.
The North East district, which is said to be the second largest public school district in San Antonio, operates 70 schools and is expecting enrollment this fall to reach around 63,000 students.
On Thursday, Rackspace expanded its PCI compliance solution to include Visa Level 1 accreditation, making the PCI Data Security Standard compliance process cheaper and quicker for customers.
And last Friday, Rackspace went public with its initial public offering of 15,000,000 common stock shares priced at $12.50 per share on the New York Stock Exchange under the symbol "RAX," becoming the third IT company in 2008 to launch an IPO.
