Zend Technologies, which develops products that support the PHP web-scripting language, has raised $20 million in series D funding.
The round was led by Greylock Partners, which is making its first investment in the company. Zend’s existing investors Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital also participated.
“The new funds will enable us to expand faster in emerging geographical markets, accelerate our product development and extend the services organization to meet the demands of our growing number of enterprise PHP customers,” said Zend Technologies co-founders Andi Gutmans and Zeev Suraski.
Greylock partner Moshe Mor is joining Zend's board of directors. “The transition from traditional software development methods to web based and service oriented approaches is creating enormous opportunities for dynamic languages such as PHP. Zend is uniquely positioned to lead this transition, and has the talent and depth to make it a reality," Mor said.
Zend claims that more than 20 million dynamic websites worldwide are driven by PHP.
According to IVC Online, Zend Technologies, which was founded in 1999, had raised a total of $15.8 million before the current round. The company has its headquarters in Ramat Gan, with a branch in Cupertino, California.
Published by Globes [online], Israel business news - www.globes.co.il - on August 28, 2006
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