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Imperial Technology zips up second round

Imperial Technology announced Monday that it has completed its second round of financing, bringing the company's total funding to $11 million. Celerity Partners led the round, along with GMG Capital Partners. Imperial makes hard-disk components for computer data storage components installed in gear made by companies such as Sun Microsystems, Hewlett-Packard, Compaq Computer and IBM. The El Segundo, Calif.-based company will first use the funding to get its SAN (storage area network) product ready for shipment in the next 60 days. SANs are expensive, high-performance networks that connect servers and storage systems that allow several servers to share a remote storage system. The company will use the cash to hire new employees, fund research and development, and invest in strategic ventures.

Imperial Technology announced Monday that it has completed its second round of financing, bringing the company's total funding to $11 million. Celerity Partners led the round, along with GMG Capital Partners. Imperial makes hard-disk components for computer data storage components installed in gear made by companies such as Sun Microsystems, Hewlett-Packard, Compaq Computer and IBM.

The El Segundo, Calif.-based company will first use the funding to get its SAN (storage area network) product ready for shipment in the next 60 days. SANs are expensive, high-performance networks that connect servers and storage systems that allow several servers to share a remote storage system. The company will use the cash to hire new employees, fund research and development, and invest in strategic ventures.