Glasshouse Technologies withdraws its IPO, citing market conditions after receiving top-up financing from Citrix in July.
Citrix-backed cloud data company GlassHouse Technologies has withdrawn its application for an initial public offering today.
Patrick Scannell, chief executive of GlassHouse Technologies, said: "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. 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…
