Zend Technologies Receives $9 Million In Funding Led By Greylock Following Record Sales in 2009Investment to Fuel Accelerated Product Development and Rapid Geographic Expansion for PHP Market Leader
Cupertino, CA (PRWEB) May 17, 2010 -- Zend Technologies, the PHP Company, today announced that it has received $9 million in venture funding led by Greylock Partners, a current investor, with participation from all other Zend investors including Azure Capital Partners, Index Ventures, Intel Capital, SAP Ventures, Walden and others. The investment will fuel the Company's accelerated product development and market expansion at a time when the entire PHP ecosystem is experiencing rapid adoption by mainstream corporate IT.
In 2009, Zend added 4,000 new customers, achieved record sales, and expanded into key geographies such as the U.K., the Netherlands and India. Zend now has more than 1,000,000 registered users. A primary driver of business growth is increasing demand for Zend Server, the Company's PHP Web Application Server. Zend Server enables businesses to deliver reliable high-performance Web applications and maximize end-user satisfaction while dramatically reducing application development and management time and costs.
"Today's enterprises are looking to agile Web and Cloud-based technologies such as PHP to deliver business value better and faster," said Moshe Mor at Greylock Partners. "We believe that Zend's leadership position in the PHP space enables the company to drive its solution to deeper adoption across a broad commercial audience in the U.S. and around the globe."
"We are delighted to have the ongoing commitment of our distinguished investors as we take our company and technology to the next level and continue to grow our leadership in the PHP market with the best PHP solutions," said Andi Gutmans, CEO and co-founder of Zend Technologies. "Technology cooperation with IBM, Adobe, Oracle, Microsoft and other industry leaders further enables us to deliver Zend PHP solutions broadly into corporate IT departments where simple yet powerful and scalable solutions for rapid application development are in high demand."
According to Gartner 2009 estimates*, more than 4 million developers use PHP for web application development. Hundreds of thousands of business-critical web applications are being built using PHP, including Zend customers such as BNP Paribas, General Electric, the U.S. Senate, AT&T and DHL.
Zend offers an end-to-end PHP solution for rapid and cost-effective development, deployment and management of web-based applications or modernized applications with web front ends. Zend's integrated PHP web solution: Zend Framework, the best enterprise framework for systematic PHP projects; Zend Studio, the leading professional PHP integrated development environment (IDE), and Zend Server, a breakthrough web application server with built-in application monitoring, diagnostics and optimization tools for the PHP community.
About Zend Technologies
Zend Technologies, Inc., the PHP Company, is the leading provider of products and services for developing, deploying and managing business-critical PHP applications. PHP runs 35 percent of the world's Web sites and has quickly become the most popular language for building dynamic Web applications. Deployed at more than 30,000 companies worldwide, the Zend family of products deliver a comprehensive solution for supporting the entire lifecycle of PHP applications. Zend is headquartered in Cupertino, California, with worldwide operations in France, Germany, Ireland and Israel. Learn more at http://www.zend.com.
*PHP: Past, Present and Future. Mark Driver, Gartner, December 2, 2009.