GlassHouse Nixes IPO
Wade Roush3/6/09
File this under “no surprise there”: GlassHouse Technologies, the Framingham, MA, IT consulting company that filed for a $100 million initial public offering in October 2007, has now pulled the offering, according to an SEC filing cited by Reuters. The firm cited “market conditions” in its decision. GlassHouse has continued to raise money and add staff through the recession, however: it closed a $9.8 million Series F financing round in December and acquired a 12-person team of former Motorola network security experts in January.
