Rackspace Hosting has unveiled its cloud hosting strategy which extends the company's technology and service leadership to cloud hosting. In support of its new cloud hosting strategy, the company announced it has agreed to acquire Slicehost and Jungle Disk, and has established relationships with Limelight Networks and Sonian Networks to provide more robust service offerings.

Rackspace's acquisition of two innovators in the cloud community, Slicehost and Jungle Disk, bring proven solutions to the suite including on-demand, virtualized servers and online storage software and services, respectively. Slicehost is a proider of Xen-based virtual machine hosting with more than 15,000 "slices" online today. Jungle Disk offers cloud storage solutions that allow users to share an unlimited amount of cloud storage between multiple users through a secure, mountable network drive and automatic backup. Over time, Rackspace intends to integrate their capabilities into its complete hosting portfolio to provide business customers a suite of hosting solutions to meet all of their IT needs.

Rackspace's cloud strategy is supported by three core offerings, all part of Mosso, Rackspace's Cloud Hosting Division. The company's existing Hosting Cloud and CloudFS storage offerings have been re-branded to reflect the company's newly integrated approach.