Netimperative faces closure

Online technology news site netimperative.com is on the rocks after its parent company, Heltward, was placed into receivership.

The site, which had been providing technology news and information - and was regarded highly by many industry insiders - announced the move early this morning in a statement on their site.

"The management of the company are currently exploring a number of options in order to continue to operate the service. The team would like to thank everyone for their support and hopes to be providing a service again soon."

The site has already been through liquidation once, but won the backing of new investors Heltward after funding talks with netimperative's chief executive and former New Media Investor editor, Felicia Jackson.