February 13, 2009 (FinancialWire) -- Rackable Systems, Inc.'s (NASDAQ: RACK) (Current Market Cap: US$115.97 Mil.) board has authorized the company to institute a stock repurchase program providing for the repurchase of up to $40 million of the company's stock.

The duration of the repurchase program is open ended. As of February 10, Rackable systems had around 30 million common shares outstanding.

Fremont, California-based Rackable Systems is a provider of servers and storage products for medium to large-scale data center deployments. The company's products, available for purchase or lease, are designed to provide benefits in the areas of density, thermal efficiency, serviceability, power distribution, data center mobility and remote management.

Rackable Systems serves cloud computing and services, enterprise software, federal government, digital media, financial services, oil and gas and high performance-computing customers worldwide.

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