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, 2012GlassHouse 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.

 

Company Contact:

Jay Seaton

GlassHouse Technologies

+ 1 (508) 879-5729

jay.seaton@glasshouse.com

 

or

Press Contact:
March Communications
Meredith L. Eaton  +1-617-960-9877
Glasshouse@marchpr.com

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