Rack Space Technology
Then they will be worth as much as SpaceX
Rackspace has changed its name to “Rackspace Technology”. CEO Kevin Jones said “Our new name, mission and multicloud solutions better represent the full value we bring to market. Our mission is simple. Embrace technology. Empower customers. Deliver the future.” Rackspace is a technology service provider exists and therefore …
I once worked for a small Co. that sometimes barely had enough money to pay staff, but they paid a small fortune to add one word to their Co. name.
The name change process was done by a relative to one of the bosses.
I only learned of this after the other boss had a whinge session with me about his business partner.
(Too often, these two bosses would whinge to me about the other, so it comes as no surprise that after a falling out between the two, one bought the other out. I tried to stay loyal to the boss that gave me the job, but, he like, started kicking the cat, me being the cat - so one day I went in to resign, "you can't resign, you're fired." So I joined the other boss in his new venture) ;D
> paid a small fortune to add one word to their Co
or a new logo. decades ago my dad worked for a company running a new&better campaign, including a reworked "more modern" logo. iirc it took a year and costed a gazillion in designer fees.
the result was very similar to this not-very-far-from-the-truth ascii representation. the boring and old-fashioned logo |BYK| was changed to *drumroll* ▉BYK|||| (hope I got the numbers of bars right. they had a meaning, you know!)
What I like is that the branding company cunningly built obsolescence into the new name. In five years they'll be back to get paid another eye-wateringly large sum of money to change it to "Rackspace Solutions".
Rackspace being a technology company would certainly be a surprise to Rackspace employees. I should know, I am one.
This is going to be a flop like the rebranding last year. Unless A LOT of people get very good at IT very fast.