Correction: The month of the company's IPO has been fixed.
Rackspace Hosting, flush with cash post IPO, announced Thursday it has acquired two companies as part of a retooled cloud hosting strategy.
Rackspace, a hosting services provider based in San Antonio, Texas, snapped up Xen-based virtual machine hosting company Slicehost and cloud storage company Jungle Disk. Terms of the deals were not disclosed.
"Cloud computing offers tremendous benefits to our customers that complement our traditional managed hosting services," Lanham Napier, Rackspace Hosting CEO, said in a statement.