The document summarizes Rackspace IT's journey to cloud computing. It discusses the challenges Rackspace IT faced with increasing demand and complexity. With the help of Rackspace Advisory Services, Rackspace IT developed a strategic plan to move applications to the cloud over two years using the IT Transformation Framework. This involved assessing applications and moving some like SharePoint to the cloud in the first phase while planning for how to move the remaining 250 applications. Rackspace IT experienced benefits like reduced costs and improved ability to manage their increasingly complex IT environment by leveraging cloud technologies.