Chaparral growing to new facility

Chaparral is a worldwide developer of high-performance Fibre Channel Controllers. The company’s new headquarters should be complete in spring 2000.

Chaparral also announced that it has raised more than $20 million in a third round of venture funding. Investors included Louisville-based Aweida Ventures, Belgravia Venture Partners, Celerity Partners, GMS Capital and Qualstar Corp.

Chaparral is a developer of Intelligent controllers for storage routers that focus on mid-range to high-end NT and UNIX tape library markets. This technology provides higher performance and increased data availability for enterprise-class storage.

In the last year, Chaparral has expanded its work force by more than 200 percent to accommodate growth in its market. The company employs more than 60 people spread throughout the United States and Europe and has 20 new job openings.

The two-story headquarters will be divided into office and lab space. The facility will be located directly across the street from IBM on the Diagonal Highway. O’Connor Development will oversee construction.

Applied Films Corp., based near Longmont, is relocating and selling one of its thin-film coating lines to NSG-AFC Thin Films Electronics, an affiliate based in Suzhou, China.

Last summer, the company moved the line to Longmont after many years in Gunbarrel. The future job status of the company’s 30 employees remains uncertain, according to company officials.

Although this line is moving to China, other portions of the company are still expanding in Longmont. The move is expected to increase the line’s capacity and place the company within close proximity to customers and a source of raw glass used in production.

Global Sight Corp., a provider of global Internet solutions, with offices in Boulder, completed a second round of financing totaling $12.9 million.

Since its inception in 1996, Global Sight has expanded its staff to 75 employees. Investors agreed that Global remains in the forefront of companies providing Web solutions, maintaining that the company’s ability to manage content across time zones, multiple offices and languages makes them an attractive business.

J.H.Whitney, the U.S. investment arm of 3I , Hikari Tsushin and Draper Fisher Jurveston participated in the round, paving the way for Global’s worldwide presence.

Sagent Technology Inc. bought Qualitative Marketing Software Inc., a provider of e-marketing services with offices in Boulder, for $75 million.

Under the term of the agreement, Sagent will issue 2.5 million shares of its common stock to the shareholders of QMSoft. The merger, slated as a pooling of interests, will allow the companies to combine real-time customer marketing data with e-marketing expertise.

The merger will allow them to offer a 360-degree view of the customer, relying on past purchase data and demographic, credit and geographic data of more than 125 million households.

on Facebook on LinkedIn