Glasshouse IPO plans shatter
Glasshouse Technologies, an information technology consultancy specializing in data storage, just announced the withdrawal of its initial public offering due to poor market conditions — making it the third venture-backed startup to cancel an IPO in 2009. The Framingham, Mass. company originally filed in December 2007 and expected to rake in $100 million in the sale. It says it plans to refile once the economy rebounds.
Glasshouse provided management and customer support to companies integrating cloud… Continue Reading