GlassHouse Technologies Reaches Agreement to Sell Israel Subsidiary
March 28, 2012
Supports Company’s Strategic Direction to Continue Growing Core Competencies
Framingham, Mass. – March 28, 2012– GlassHouse Technologies, a global provider of independent data center consulting and managed services, today announced a definitive agreement for the sale of its Israel subsidiary to Taldor Group, one of Israel’s leading providers of IT business and technology solutions. The transaction is expected to be finalized in the next few weeks.
“This divestiture is another important step in our strategy of focusing GlassHouse on our core services and the tremendous market demand for these services,” said Patrick Scannell, President and CEO of GlassHouse Technologies.“For enterprise customers confronted by rapidly evolving end-user, cost and security demands on their IT environments, now more than ever our vendor independent objective expertise provides clarity amidst the market fervor for cloud, virtualization and other infrastructure technologies.”
GlassHouse is executing on a strategy to maximize profitability and positive cash flows, and focus the company on being the leader in vendor independent strategic consulting and operational services.
GlassHouse has established a unique position to capitalize on the tremendous market demand for infrastructure services, particularly amid increasing complexities and costs of cloud, virtualization and other infrastructure requirements, as well as escalating data security threats. GlassHouse Technologies achieved 33% year-over-year growth in 2011, and has also reached profitability.
“We are excited about this announcement,” continued Scannell. “It was a priority for us to find an established partner that shared a common view about serving our customers. I am confident that this relationship with Taldor will enable our Israel customers to continue to receive the high-quality service they have come to expect from GlassHouse, and also provide them with stronger local market support.”
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 blogfor expert commentary on key data center issues and follow us on twitter @GlassHouse_Tech.
About Taldor Group
Taldor is a leading IT company and one of Israel’s three largest software development, hardware, communications and information security companies, who also specialize in consulting and outsourcing services for business units and IT. Taldor is known for its values and flexibility, and focuses on its relationships with its clients and their needs. Taldor is traded at the Tel Aviv Stock Exchange, with DBSI being the major shareholder with 72.24%, while remaining shares are public.
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August 21, 2013
Southborough, Mass.—August 21, 2013—GlassHouse Technologies, a global provider of IT infrastructure consulting and managed services, today announced that Steve Sharp has been appointed CEO. Sharp is focusing the company’s growth strategy around the convergence of data center and cloud services. He succeeds Patrick Scannell, Jr., who has led the company as CEO since 2011.
February 28, 2013
GlassHouse Technologies, a global provider of vendor independent IT infrastructure consulting and managed services, today announced the appointment of Michael Worhach to its Board of Directors.
January 14, 2013
Companies have a range of options for data center deployment: in-house, colocation or cloud. While each of the three types has its own strengths and weaknesses, there’s no one-size-fits-all strategy for every organization. GlassHouse Technologies has published a whitepaper, “Cloud, Colo or In-house?”, putting these three data center options in context. The whitepaper explains how a customized, tiered approach combining different data center types can best address the constantly changing needs of organizations.