GlassHouse Says Hello To $20M In Venture Capital Funding
Jay Seaton, chief marketing officer at the Framingham, Mass.-based storage consultant and vendor-independent solution provider, said that while all previous investors participated in this round, it was led by new investor Paladin Capital Group, which focuses on the government sector.
Kenneth Minihan, a Paladin principal and former director of the National Security Agency, will join GlassHouse's board of directors.
A major focus of the new funding will be on initiatives related to the U.S. government's Homeland Security programs, including new services for protecting data assets, said Seaton. "Anything that is related to data protection and recovery of that data is important to the government," he said.
The company will also expand its storage-related services in the private sector, Seaton said.
GlassHouse's growth in the storage space has been fueled by a string of recent acquisitions over the past 10 months, including two solution providers and one consulting firm in the United States and two solution providers in the United Kingdom.
Seaton said that while he would not rule out other acquisitions, there are currently no other deals in the works. "Funding rounds like this give us the opportunity to look at changes, including tactical acquisitions, increases in staff or geographical expansions," he said.