PHP development company Zend Technologies has secured $20 million

noreply@blogspirit.com (ARPU~UP) — Mon, 28 Aug 2006 17:45:00 +0200

Zend Technologies, a provider of web application products and services for PHP applications, has secured $20 million in series D funding round that was led by Greylock Partners. Zend's existing investors -- Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital -- are also participating in the financial round.

Zend offers commercial products and services for software developers and system operators who use PHP. PHP is used by more than 22 million Web sites and has quickly become the most popular language for building dynamic web applications. Zend has more than 15,000 customers for its commercial products.

“The transition from traditional software development methods to web based and service oriented approaches is creating enormous opportunities for dynamic languages such as PHP,” says Moshe Mor, a partner at Greylock, who join Zend board of directors. “Zend is uniquely positioned to lead this transition, and has the talent and depth to make it a reality.”

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Israel Science Technology - web_application

PHP development company Zend Technologies has secured $20 million