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GlassHouse Technologies files for bankruptcy

Southborough data center services provider GlassHouse Technologies, poised to go public just a few years ago, has filed for bankruptcy.

The filing comes two months after GlassHouse sold its consulting division to Phoenix-based Signature Technology Group. In court documents, the company listed debts between $50 million and $100 million, owed to nearly 100 parties, and assets of less than $1 million.

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In the United Kingdom, a GlassHouse subsidiary owes money to that country’s customs and tax agency, according to British news reports.

GlassHouse filed Monday in Worcester under Chapter 7 of the US bankruptcy code, which typically results in a sale of all assets and the liquidation of the company.

Founded in 2001, GlassHouse had raised $91.3 million in funding from Citrix Systems, Cisco Systems, Kodiak Venture Partners, and others, according to venture investment tracker CrunchBase.

GlassHouse withdrew plans for an initial public offering in 2009, then again in 2011. Chief executive Stephen Sharp was the company’s third since 2010.

Callum Borchers can be reached at callum.borchers@globe.com. Follow him on Twitter @callumborchers.
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