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Short Take: Global Crossing, Dell invest in StorageNetworks

Global Crossing and Dell Computer highlight the list of investors in a $103 million third round of funding for StorageNetworks, an outsourced disk and tape-drive data storage company. Global Crossing recently began offering StorageNetworks' services as part of a package of "on demand" services aimed at upstart Internet firms. Thomas Casey, president of Global Crossing's Pacific Capital Group investment unit, and Dell senior vice president Michael Lambert will sit on StorageNetworks' board of directors.

Global Crossing and Dell Computer highlight the list of investors in a $103 million third round of funding for StorageNetworks, an outsourced disk and tape-drive data storage company. Global Crossing recently began offering StorageNetworks' services as part of a package of "on demand" services aimed at upstart Internet firms. Thomas Casey, president of Global Crossing's Pacific Capital Group investment unit, and Dell senior vice president Michael Lambert will sit on StorageNetworks' board of directors.