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 based in the capital of the United Arab Emirates, today announced a partnership with Rackspace Technology® (NASDAQ: RXT) to collaborate on a number of strategic technology initiatives.

As a long-standing global leader in multicloud computing, technology consulting and managed services, Rackspace Technology will support ADGM on its journey to embrace cloud computing and develop a comprehensive business data platform. The cloud migration will enable ADGM to increase cost efficiency and agility in IT operations and provide a modern, secure technology base for the delivery of advanced business services. The ADGM initiative for a unified data platform will develop a central repository for all business data, enabling enhanced business insights and improved decision-making, and forming the basis for advanced analytics and AI.

Abdullah Al Qubaisi, Director of Technology Services at ADGM, said: “As a leading international financial hub, ADGM is committed to stimulating innovation and transformative economic growth in Abu Dhabi, the UAE and the wider region. We have experienced exponential growth over the past seven years and believe that 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 large hyperscale public clouds, is the right partner to help us on this journey.”

George Pawlyszyn, General Manager, Middle East and Africa (MEA) at Rackspace Technology, commented, “We are incredibly proud to support ADGM in their ambitious growth and transformation trajectory, thereby contributing to the economic vitality of the region. It’s exciting to see how forward-thinking organizations like ADGM are harnessing the power of cloud and analytics to achieve their broader business goals and increase their competitive advantage.”

About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM) is the International Financial Center (IFC) of the capital of the United Arab Emirates, which opened on October 21, 2015. ADGM reinforces Abu Dhabi’s position as a leading financial and business hub, a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM operates within an international regulatory framework based on the direct application of English Common Law and administers the entire island of Al Maryah, which is designated as the Abu Dhabi Financial Free Zone.

ADGM is ranked as one of the most preferred top IFCs in the Middle East and Africa and named MENA’s largest fintech hub. Its progressive and inclusive business ecosystem gravitates towards global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as one of the most progressive, diverse and progressive 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 leader in end-to-end multicloud technology services. We can design, build and operate our customers’ cloud environments across all major technology platforms, regardless of technology stack or deployment model. We work with our customers at every stage of their cloud journey, enabling them to modernize applications, create new products and introduce innovative technologies.

For media inquiries please contact:

Simon Haile
Head of Middle East
Nobleman Smithfield
M: +971 50 973 1173
E: [email protected]

Strife Altenaiji
Head of Corporate Communications, ADGM
E: [email protected]

source

Leave a Reply

Your email address will not be published. Required fields are marked *