GlassHouse Technologies Announces Decision to Withdraw IPO

GlassHouse Technologies, a global provider of cloud, virtualization, security and next generation data center consulting and managed services, today announced that based on current market conditions, it has chosen not to proceed with its planned initial public offering at this time. The company intends to withdraw its registration statement on Form S-1 as filed with the Securities and Exchange Commission. “Obviously the economic climate continues to be volatile, and we feel these are not the optimal conditions for GlassHouse to move forward with an IPO,” said Patrick J. Scannell, Jr., CEO of GlassHouse Technologies. “We are focused on being the leader in vendor independent services that provide strategy and operational support for our customers as they confront rapidly evolving end-user, cost and security demands on their IT environments.” About GlassHouse Technologies GlassHouse Technologies is a global provider of data center infrastructure consulting and managed services. GlassHouse partners with customers to define and execute data center strategies, and operate their environment, helping clients address the complexities of cloud, virtualization, storage, backup, security and next generation data centers. Our constant focus is on cost efficiency, risk mitigation and service improvement, delivered through our unique model comprised of proprietary software tools, methodologies and domain expertise. GlassHouse is uniquely “vendor independent” in that we do not sell vendor’s products, enabling us to provide objective analysis and recommendations. The depth and breadth of our expertise has been developed through more than 17,500 engagements with more than 12,000 clients. For more information, visit us at www.glasshouse.com, visit the GlassHouse blog for expert commentary on key data center issues and follow us on twitter @GlassHouse_Tech.