Abu Dhabi Global Market and Rackspace Technology

ABU DHABI, UAE, Nov. 17, 2022 (GLOBE NEWSWIRE) — Abu Dhabi Global Market (ADGM), a leading international financial center located in the capital emirate of the UAE, today announced a partnership with Rackspace Technology® (NASDAQ: RXT), to collaborate on a number of strategic technology initiatives.

As a long-standing global leading service provider in multicloud computing, technology consulting and managed services, Rackspace Technology will support ADGM in its journey to leverage cloud computing and develop a comprehensive enterprise data platform. Migrating to the cloud will enable ADGM to drive cost efficiency and agility in IT operations, as well as provide a modern and secure technology footprint for deploying advanced business services. The ADGM unified data platform initiative will develop a central repository for all business data, enabling advanced business insight and better decision-making, as well as creating the foundation for advanced analytics and artificial intelligence.

Abdullah Al Qubaisi, Director of Technology Services at ADGM, said, “As a leading international finance centre, ADGM is committed to spurring innovation and transformative economic growth in Abu Dhabi, the UAE and the wider region. We’ve seen exponential growth over the past seven years and believe our journey to the cloud and data platform will not only help us maintain that, but also help future-proof ADGM as an organization. We believe Rackspace Technology, with its deep cloud expertise and relationships with leading large-scale public clouds, is the right partner to support us on this journey.”

George Pawlyszyn, General Manager, Middle East and Africa (MEA) at Rackspace Technology, commented: “We are incredibly proud to support ADGM on its ambitious journey of growth and transformation and, in turn, contribute to the economic vitality of the region. It’s exciting to see forward-thinking organizations like ADGM harness the power of the cloud and analytics to realize their broader business goals and enhance their competitive advantage.”

About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM) is the international finance center (IFC) of the capital of the United Arab Emirates, which opened its doors on 21 October 2015. ADGM enhances Abu Dhabi’s position as a leading financial center and trading hub serving by a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Operating within an international regulatory framework based on the direct application of English Common Law, ADGM governs the entirety of Al Maryah Island, designated as the Abu Dhabi Financial Free Zone.

ADGM is ranked as a top preferred IFC in the Middle East and Africa region and named the largest Fintech hub in the MENA area. Its progressive and inclusive corporate ecosystem gravitates towards global financial and non-financial institutions while leveraging synergies between ADGMs and multiple jurisdictions positioned as one of the most advanced, diverse and progressively governed financial centers in the world.

For more details on ADGM, visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

About Rackspace technology
Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and manage our customers’ cloud environments on all major technology platforms, regardless of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, create new products, and adopt innovative technologies.

For media inquiries please contact:

Simon Hailes
Head of the Middle East
Edelman Smithfield
M: +971 50 973 1173
Email: [email protected]

Hajer Altenaiji
Head of Corporate Communication, ADGM
Email: [email protected]

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