Rackspace has announced it has hired Jesse Burros as senior vice president of corporate development. Burros, who brings nearly 15 years of corporate development and investment banking experience, will be responsible for leading the company’s mergers and acquisitions strategy and execution, as well as Investor Relations.
“Jesse is a proven leader with a deep understanding of capital markets, M&A and the global IT landscape,” said Louis Alterman, CFO of Rackspace. “As we push to become the greatest technology services company in the world, we’ll continue to pursue opportunities to help us broaden our expertise and strengthen our solutions portfolio, and we’ll have expanded opportunities to interact with the capital markets. Jesse is the ideal leader to drive these efforts.”
Prior to joining Rackspace, Burros established and led the cloud services investment banking practice at BMO Capital Markets. While at BMO, Burros successfully advised public and private companies on equity and debt offerings, sales, acquisitions and divestitures worth over $4 billion in transaction volume. Among other notable M&A transactions and initial public offerings, Burros was the exclusive financial advisor to Rackspace and Apollo on the acquisition of TriCore Solutions. Before joining BMO, Jesse held corporate strategy and finance roles with Time Warner, MTV Networks and Jefferies.
“I’ve worked closely with Rackspace for several years and I’m very bullish about the future of this company,” said Burros. “Rackspace is the leader in managed cloud services and given its scale, leadership team, and track record of excellent customer service, I couldn’t be more excited about coming on board to help drive the next phase of the company’s growth. I look forward to exploring new ways to expand our capabilities and global reach, as we work to help customers accelerate the value of the cloud at every phase of their digital transformation journey.”