Rackspace

Rackspace Hosting Inc. announced today it is being purchased by the private equity firm Apollo Global Management LLC in a $4.3 billion deal that will take the cloud-computing company private.

The deal, which was unanimously approved by the Rackspace board of directors, is expected to close in the fourth-quarter of the year. Rackspace stockholders will still have an opportunity to vote on the deal.

Shelley Kofler / Texas Public Radio

Nationally, and in cities like San Antonio, IT companies are searching feverishly for qualified employees. The White House estimates that 12 percent of the country’s five million available jobs are in technology, which is why President Obama has supported federal funding for training. In San Antonio, cloud-computing company Rackspace has united with the city and some schools to tackle this area’s IT gap.

UTSA has announced another growth spurt for its program that teaches students how to turn their hi-tech ideas into successful businesses.

The university has received a $300,000 grant to expand its Center for Innovation and Technology Entrepreneurship program. The 80/20 Foundation, who provided the funding, gave the grant in hopes that one day someone going through this program will create the next Rackspace.

Joey Palacios / Texas Public Radio

Students at Roosevelt High School, on San Antonio's northeast side, are joining a growing number students learning how to code computer programs with help from their neighbors, Rackspace. The campus and six other NEISD schools are participating in the Hour of Code.

Over the next few months, the way we navigate the Internet will change. While dot-coms will not be eliminated, webhosters will be able to choose different domain names that end in other words besides the traditional .net, .edu, or .gov.

For tpr.org. the .org is what’s called a top level domain (TDL). The Internet Corporation for assigned Name and Numbers (ICANN) is preparing to release hundreds of new top level domains that can end in anything.

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