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Short Take: Web site for engineers gets $20 million

GlobalSpec.com, an Internet-based resource for engineers and buyers of technology products, said in a statement that it has received a $20 million investment. Warburg, Pincus Equity Partnes stake in the firm will aid in its expansion of products, customer acquisitions and in its recruitment schedule.

Jan. 2, 2002 4:43 p.m. PT

GlobalSpec.com, an Internet-based resource for engineers and buyers of technology products, said in a statement that it has received a $20 million investment. Warburg, Pincus Equity Partnes stake in the firm will aid in its expansion of products, customer acquisitions and in its recruitment schedule.