SAN ANTONIO, Aug 5, 2003 (BUSINESS WIRE) -- Rackspace Managed Hosting, a leading managed hosting provider, today announced that three of the company's top executives have been accepted into the exclusive Birthing of Giants program. Rackspace chief executive officer and co-chairman, Graham Weston; managing director and co-chairman, Morris Miller; and president Lanham Napier have been named to the Birthing of Giants class of 2005. The prestigious program is sponsored by the Young Entrepreneurs Organization (YEO) Inc. Magazine and the Massachusetts Institute of Technology (MIT).

Held on the campus of MIT, Birthing of Giants is lead by the world's top entrepreneurial figures as well as professors from Babson, Harvard and MIT. Birthing of Giants selects only 60 entrepreneurs from a worldwide field of applicants. Focusing on leadership, the program is designed to bring together the next generation of entrepreneurial giants for an intense blending of practice and theory. Over a period of three years, the program covers the six fundamental areas of business: management, finance, human resources, marketing and sales, operations and research and development.

"As Rackspace emerges as a leading force in the hosting industry, it will surely benefit from the teachings of some of the world's leading business strategists and best of breed practices shared throughout the program," said Graham Weston, chief executive officer and co-chairman of Rackspace Managed Hosting. "Birthing of Giants offers Rackspace a wealth of knowledge which will translate into continued profitability, innovation and growth for the company."

Upon completion of the course in 2005, the Rackspace trio will be in the company of past attendees such as Thomas Golisano, founder of Paychex; Jim Koch, founder of Boston Brewing Company; and Jim McCann, founder of 1-800-FLOWERS.

About Rackspace Managed Hosting

Rackspace Managed Hosting(tm) is a leading provider of managed Web hosting solutions. Founded in 1998, Rackspace offers a wide range of managed services for hosting platforms of all sizes and complexity, including burstable connectivity, 99.999% uptime SLA, load balancing, security and patching, advanced storage solutions and disaster recovery. Rackspace has received numerous industry awards for its brand of customer service, known as Fanatical Support(tm), and was awarded the Frost & Sullivan Customer Value Enhancement (CVE) Award in 2002 and 2003. For more information, visit www.rackspace.com, or call 800-961-2888.

SOURCE: Rackspace Managed Hosting

Rackspace Managed Hosting, San Antonio
Annalie Drusch, 210-892-4000, ext.1234
adrusch@rackspace.com

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