FusionStorm Global officially withdraws IPO following 2011 postponement

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FusionStorm Global, which offers diversified IT solutions to enterprises and the public sector, withdrew its plans for an initial public offering on Friday. FusionStorm initially filed for an IPO with a proposed deal size of $175 million in August 2011. The company eventually set terms for the IPO in November 2011 before ultimately postponing in December. The Woburn, MA-based company was founded in 2009. FBR Capital Markets and Needham & Co. were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs


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