Abu Dhabi Global Markets and Rackspace Technologies

ABU DHABI, United Arab Emirates, Nov. 17, 2022 (GLOBE NEWSWIRE) — Abu Dhabi Global Market (ADGM), a leading international financial center in the UAE capital, today announced a partnership with Rackspace Technology® (NASDAQ: RXT), partnering on several strategic technology initiatives.

A long-time leading global service provider in multi-cloud computing, technology consulting and managed services, Rackspace Technology will support ADGM in leveraging cloud computing and developing a comprehensive business data platform. Cloud migration will enable ADGM to increase the cost efficiency and agility of IT operations and provide a modern, secure technology footprint for deploying enhanced business services. The ADGM Unified Data Platform initiative will develop a central repository for all business data, enhancing business insight and improving decision making, and laying the foundation for advanced analytics and artificial intelligence.

Abdullah Al Qubaisi, Director Technical Services, ADGM, said: “As a leading international financial centre, ADGM is committed to stimulating innovation and transformational economic growth in Abu Dhabi, the UAE and the wider region. We have witnessed exponential growth over the past seven years, We believe our cloud and data platform journey will not only help us maintain this, but also help ADGM future-proof as an organization. We believe that Rackspace Technology, with its deep cloud expertise and relationships with major hyperscale public clouds, is The right partner to support us on this journey.”

George Pawlyszyn, General Manager, Middle East and Africa (MEA), Rackspace Technology, commented: “We are very proud to support ADGM’s ambitious growth and transformation journey to contribute to the economic vitality of the region. Organizations of the future leverage the power of cloud and analytics to achieve broader business goals and enhance competitive advantage.”

About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM), the International Financial Center (IFC) in the capital of the United Arab Emirates, opened on October 21, 2015. ADGM reinforces Abu Dhabi’s position as a leading financial center and business center with strategic links 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 directly applying English common law and governs the entirety of Al Maryah Island, which has been designated as Abu Dhabi’s Financial Free Zone.

ADGM has been ranked as one of the most popular top international financial centers in the Middle East and Africa region and as the largest fintech hub in the Middle East and North Africa. Its progressive and inclusive business ecosystem favors global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as the most advanced, diverse and regulated in the world One of the advanced financial centers.

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

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

For media inquiries please contact:

Simon Hales
Middle East Manager
gentleman smithfield
Mobile: +971 50 973 1173
Email: simon.hailes@edelmansmithfield.com

Hajar Altnaj
Head of Corporate Communications, ADGM
Email: media@adgm.com

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