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Actionable news in RAX: RACKSPACE HOSTING Inc,

DH Capital Advises Rackspace on Sale of Cloud Sites Business Unit

NEW YORK, NY and BOULDER, CO--(Marketwired - August 25, 2016) - DH Capital, LLC ("DH Capital"), an investment banking firm serving companies in the Internet infrastructure, software & IT services, and communications sectors, announced today that it served as exclusive financial advisor to Rackspace® (RAX) on the sale of its Cloud Sites business unit to Liquid Web. The Cloud Sites platform-as-a-service (PaaS) product significantly augments Liquid Web's premium portfolio and adds capabilities to further simplify web hosting and cloud services.

"The team at DH Capital did a terrific job throughout this process to create the outcome we were seeking," said Matt Bradley, Vice President of Corporate Development & Strategy for...