Framingham, MA-based IT consulting firm GlassHouse Technologies has received a $5 million equity investment from Citrix Systems (NASDAQ: [[ticker:CTXS]]) in exchange for Series F preferred stock, according to a filing with the SEC. GlassHouse, which last year filed for an IPO worth up to $75 million, announced earlier this month that it had received an investment from Citrix, an IT virtualization firm. Dow Jones VentureWire first reported the dollar amount of the deal today. As part of the investment, GlassHouse has granted Citrix an observer seat on its board of directors and has agreed to offer the company notice of any offers to purchase GlassHouse.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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