Rackspace announced today it was purchasing TriCore, giving it an enterprise applications management play to go along with its cloud management services.
The announcement comes just one day after the company announced it was bringing a new CEO onboard, make it a busy week for the firm.
The companies did not share the terms of the deal, but Rackspace called it the largest acquisition in company history. To this point, it had acquired 8 companies, none since 2013 according to Crunchbase data.
The move gives Rackspace the ability to not only manage a company’s cloud services, but also move up the stack and begin managing complex applications from large enterprise software companies like Oracle or SAP, something Rackspace says customers have been asking for increasingly.
It also means that the company can move away from competing directly with public cloud providers, which is rapidly becoming a no-win…