Corporate-backed GlassHouse files for bankruptcy

Jun 19, 2014 • Mark Chatterley

The data centre consultancy, backed by Citrix and Cisco, has filed for bankruptcy protection in the US.

GlassHouse Technologies, a UK-based provider of consulting services for data centres, has filed for Chapter 7 bankruptcy, according to The Boston Globe, leaving investors including technology companies Citrix Systems and Cisco awaiting the sale of company assets.

Other investors in GlassHouse include investment firms Kodiak Venture Partners and GrandBanks Capital, which provided $4.4m in debt financing in January 2013.

Private equity firm Paladin Capital Group invested alongside venture capital firms Globespan Capital Partners, Montagu Newhall Associates and Sigma Partners, as…

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