GlassHouse Technologies Inc. on Tuesday registered to raise as much as $100 million in an initial public offering that, despite the company's financial losses, could prove a hit with investors drawn to its focus on "virtualization" technology. The Framingham, Mass., company offers consulting services for companies that use virtualization software to improve the performance of corporate servers and cut costs in their data centers. GlassHouse also provides Internet-based data storage. "Software-as-a-service," or SaaS, companies and vendors of virtualization products have proved popular among investors in recent years as corporate customers seek alternatives to conventional packaged software. GlassHouse, with roots in both sectors, will test the strength of that interest, said Peter Falvey, managing director with Boston investment bank Revolution Partners. "It will be a bit of a bell weather," he says. "It's not as though it's the 15th SaaS m...
I'll be heading for Cannes too in two weeks. Looking forward to the new "refurbished" Event and I am also curious how different it will be from TSX last year in Nice.
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Tarry, has anyone from Neterion contacted you about meeting up at VMworld?
ReplyDeleteTom Price
tprice@bernardgroup.com
Where's the bar?
ReplyDeleteI spoke to Richard (the guy who organized the TSX) last night and it is going to be a bit heavier, so I understood. Well Diane and/or Mendel will do a keynote, I'll miss that one as I'm meeting my new CEO (AtosOrigin) that afternoon before flying over to Cannes.
ReplyDeleteThe most important to me is to meet peers, like yourselves, and other participants. I have a lot of friends within security circles, VCs (who want to get it straight about this virtualization hype and invest wisely).
Anthony: We'll find one, if not , we'll hijack one and place it in the middle of the conference ;-)
Tom: Nope, not yet.
Still ready to drink (not virtual) beers !
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