Rackspace Creates New Division as TriCore Acquisition Closes

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Rackspace has closed its acquisition of consulting and managed services company TriCore Solutions, and plans to serve customers “up the stack” with management of Enterprise Resource Planning (ERP) Business Analytics and other enterprise applications.

The previously announced acquisition increases Rackspace’s headcount by 500 employees. TriCore CEO Mark Clayman will report directly to Rackspace President Jeff Cotten, according to the announcement, and will lead the new Rackspace Enterprise Applications division. In addition to ERP, the division will deliver managed applications for business intelligence and analytics, and data warehousing.

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“We acquired TriCore in response to customer demand,” Matt Bradley, vice president of strategy and corporate development at Rackspace said in a statement. “Customers want a managed application expert to deliver a high-quality service experience at a lower total cost for these complex applications and TriCore has been doing this for nearly two decades — they’ve done an incredible job and now our customers will be able to benefit from their experiences.”

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Enterprise Applications are available on Rackspace infrastructure in the customer’s data center, a Rackspace data center, a colocation facility, AWS, or Microsoft Azure.

Rackspace recently made a series of leadership changes. The company also launched an Applications Operations service in May.

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