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Zend Technologies Receives $20 Million in Series D Funding; Additional Funding to be Used to Further Strengthen Open Source Software Development and Infrastructure Company's Leadership in the PHP Market.

Publication: Business Wire
Publication Date: 28-AUG-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
CUPERTINO, Calif. -- Zend Technologies, Inc., the PHP company, today announced that it has secured $20 million in series D funding. The funding 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 -- are also participating in the Series D round.

"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...

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