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Citrix Invests Another $5 Million In IPO Applicant GlassHouse

By Christopher Zinsli Of DOW JONES VENTUREWIRE Citrix Systems Inc. has made a second $5 million investment in data-center consultant GlassHouse Technologies Inc., according to the IPO registrant's latest prospectus filed with regulators Friday. Greenspring Associates, a venture capital firm that already held a stake in GlassHouse, also invested $1 million as part of a $6 million extension of GlassHouse's Series F financing round. The round originally raised $9.8 million in late 2008. Citrix provided another $5 million last December. The round now stands at $20.8 million. GrandBanks Capital, Kodiak Venture Partners, Paladin Capital Group and Sigma Partners are GlassHouse's major shareholders, holding a collective 57% stake. The new funding isn't the first time the unprofitable company has turned to outside investors since registering for an initial public offering early last year. Last summer it raised $3 million in convertible notes from its venture backers. The company also has received lenient treatment from its lenders. This month it received extensions on separate financial agreements with LightHouse Capital Partners and Dell Inc.'s Dell Products LP, according to the new prospectus. About $37.1 million of the proceeds from an IPO will be used in part to repay Dell. This is GlassHouse's second attempt to go public. An earlier bid was filed in 2007 but withdrawn in 2009. Underwriting the offering are Stifel Nicolaus Weisel, William Blair & Co., Oppenheimer & Co. and Needham & Co.. That is a different lineup than originally planned. As recently as January, Goldman Sachs & Co. and Credit Suisse were leading the offering. GlassHouse has applied to list its common stock on the Nasdaq Global Market under the symbol GLAS. (This story was also published in Dow Jones VentureWire, a daily publication that covers news about start-ups and venture capital.) -By Christopher Zinsli, Dow Jones VentureWire; 212-416-2034; christopher.zinsli@dowjones.com

Stock News for Citrix (CTXS)
DateTimeHeadline
07/28/201609:10:07Amended Statement of Beneficial Ownership (sc 13d/a)
07/28/201608:49:08Current Report Filing (8-k)
07/28/201608:47:22Filing of Certain Prospectuses and Communications in Connection...
07/28/201608:00:00Surveys Show Businesses Need to Shift Away from Protecting Devices...
07/27/201616:55:24Filing of Certain Prospectuses and Communications in Connection...
07/27/201616:54:33Filing of Certain Prospectuses and Communications in Connection...
07/27/201611:50:00Citrix Executives to Present at Upcoming Investor Conferences
07/26/201617:31:27Filing of Certain Prospectuses and Communications in Connection...
07/26/201617:31:25Filing of Certain Prospectuses and Communications in Connection...
07/26/201617:29:00Correction to Citrix merger story
07/26/201617:10:00Citrix in Deal with LogMeIn
07/26/201617:04:00Citrix in Deal to Merge GoTo Business With LogMeIn -- 2nd Update
07/26/201616:59:00Citrix in Deal to Merge GoTo Business With LogMeIn -- Update
07/26/201616:45:00Citrix in Deal to Merge GoTo Meeting Business With LogMeIn
07/26/201616:07:04Current Report Filing (8-k)
07/26/201616:05:00Citrix Reports Second Quarter Financial Results
07/26/201616:00:00LogMeIn Announces Merger with Citrix’s GoTo Family of Products t...
07/25/201613:45:00Citrix in the Leaders Quadrant of the Gartner Magic Quadrant...
07/13/201608:00:00Baloise Group Uses Citrix Solutions to Support Remote Workers...
07/12/201617:30:00Citrix Systems to Announce Second Quarter 2016 Financial Results...

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