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GlassHouse Adds a Wing
GlassHouse Technologies Inc. built another extension today. In its fourth acquisition since May, the consultancy acquired The Storage Group, a San Diego, Calif.-based firm headed by W. Curtis Preston.
GlassHouse CEO Mark Shirman says The Storage Group, a consulting company, adds expertise, around 50 customers, and a southern California presence to his company, which is headquartered in Framingham, Mass. Storage Group founder Preston, a frequent speaker at tradeshows and author of storage-related books, joins GlassHouse as VP of service development.
The Storage Groups four other employees will also join GlassHouse. So will its customer list, which includes Amazon.com, (Nasdaq:AMZN), Intuit Inc. (Nasdaq: INTU),
Standard & Poors, and Turner Broadcasting System Inc.
Shirman says Prestons role will be similar to his current job at The Storage Group. Hell meet with customers, speak at shows, and write. Future books by Preston will be published under the GlassHouse brand. His Website, Storage Mountain, will continue to run.
Privately owned GlassHouse hasnt had to dip into its $15 million in funding for its recent shopping spree (see GlassHouse Gleans $7.1M). Todays deal cost GlassHouse no upfront money, CEO Shirman says, though he concedes there is an upside in cash and equivalents for The Storage Group employees. GlassHouses recent acquisitions of CycleBridge Technologies Inc., Source Consulting, and Sagitta Performance Systems were stock transactions (see GlassHouse Extends Vertical Reach and GlassHouse Acquires UK Cos).
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