GlassHouse Gets $5M From Citrix
Framingham, MA-based IT consulting firm GlassHouse Technologies has received a $5 million equity investment from Citrix Systems (NASDAQ: CTXS) in exchange for Series F preferred stock, according to a filing with the SEC. GlassHouse, which last year filed for an IPO worth up to $75 million, announced earlier this month that it had received an investment from Citrix, an IT virtualization firm. Dow Jones VentureWire first reported the dollar amount of the deal today. As part of the investment, GlassHouse has granted Citrix an observer seat on its board of directors and has agreed to offer the company notice of any offers to purchase GlassHouse.