Print
Email
Print Edition Stories
GlassHouse Technologies Inc., the Framingham data center infrastructure consulting firm that has been on the verge of going public for the last couple of years, has named Patrick Scannell Jr. as the new CEO, taking over from co-founder Mark Shirman who resigned from the position.
Scannell, a GlassHouse board member, joins the executive team of the company having served previously as senior vice president and chief financial officer of Netezza Inc., where he helped bring the company through its 2007 IPO, as well as its subsequent $2 billion sale to IBM in 2010. He performed a similar function in a prior SVP post at CRM infrastructure firm Silknet, where he helped lead it through an IPO and eventual $4.2 billion sale to KANA. He’s also served as CFO and EVP at Applix. Scannell has been serving on the boards of Kiva Systems and Xtalic Corp.
The company filed for a $75 million IPO in January 2010, but has not moved to complete the offering since then. According to Jay Seaton, VP of global marketing for GlassHouse, the IPO is still on the table and the company is assessing the economic environment as it proceeds. GlassHouse previously made an attempt to go public in 2007, planning to raise $100 million, but it withdrew the IPO in March 2009.
As of July, GlassHouse had taken in funding through a Series F round, with Citrix Systems Inc. doubling its investment to $10 million at that time.
GlassHouse was founded in 2001 by Shirman and Richard Scannell, no relation to the newly appointed CEO. Shirman was named a Mass High Tech All-Star in 2004, and Richard Scannell was named an All-Star in 2010.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
