GlassHouse Technologies, Inc. Acquires Financial Services Project Management Specialists19 February 2005
GlassHouse Technologies, Inc., the global leader in independent storage consulting and services, today announced the acquisition of New York-based project management consultancy PowerPM. Specializing in delivering project management services to the financial services industry, the PowerPM acquisition will allow GlassHouse to broaden its project management service offerings, beyond those currently offered in storage engagements, as it continues to provide clients in the financial industry with its comprehensive set of data protection and storage services.
"This acquisition allows us to continue to remain focused on our core data management services, while increasing our project management expertise beyond the storage realm," said Mark Shirman, CEO and president, GlassHouse Technologies, Inc. "The PowerPM team has deep experience successfully delivering high exposure, high impact projects within top-tier global financial services firms. Our average project size has grown by 30 percent in each of the past two quarters, and as these deals have become increasingly larger and more complex, project management has become a more important aspect of successful service delivery. We believe the acquisition of PowerPM will benefit GlassHouse clients who will have access to PowerPM's comprehensive project management services in the context of our storage services."
With its focus and experience in the financial market, PowerPM has developed consistent and repeatable processes and procedures that combine industry best practices with practical experience garnered from business critical, time sensitive customer engagements. The company's main areas of focus include infrastructure implementation and improvement; application development and management; outsourcing management and project office capabilities.
"PowerPM customers will continue to benefit from the project management expertise of our team, and now will also be able to leverage the broad range of storage, backup, archiving and disaster recovery services that GlassHouse has been delivering," said Sam Lawler, president, PowerPM, Inc. "We are moving quickly to take advantage of GlassHouse's scale to meet the increasing demands of our clients. Being part of a larger organization enables us to increase the size of projects we take on, and helps us to better provide our services to our clients, who see real value in the result."
About PowerPM
PowerPM was incorporated in 2003 in New York City and quickly built its reputation for providing independent, high-quality professional project management services for organizations requiring rapid project scopes and deployments. PowerPM is a boutique project management consultancy focused on Project Planning and Delivery of business critical projects in support of strategic corporate and technology initiatives.
About GlassHouse Technologies, Inc.
GlassHouse Technologies is the leading provider of services that help organizations solve the business problems of enterprise storage. From strategy through implementation, operations and customer support, GlassHouse partners with clients to achieve predictability and manageability in storage and backup operations. GlassHouse enables clients with consistent process and procedures, facilitating cost management, risk mitigation, and enhanced IT-client satisfaction. GlassHouse clients include Biogen Idec, Inc. and Autodesk. More information about GlassHouse is available at http://www.glasshouse.com/ .
GlassHouse Technologies, Inc.
CONTACT: Ann Dalrymple of GlassHouse Technologies, Inc.,
+1-508-663-0507, adalrymple@glasshousetech.com; or Media: Amy Bear Smith of
Fleishman-Hillard, +1-612-573-3194, bearsmia@fleishman.com, for GlassHouse
Technologies, Inc.
Web site: http://www.glasshouse.com/
Source: ArriveNet
All trademarks and copyrighted information contained herein are the property of their respective owners.
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