Zend gains cash sans CEO
Zend just raised $20 million--but the open-source start-up is also seeking a CEO.
Former CEO Doron Gerstel departed in April to become president of the North American division of Israel-based Syneron, 451 Group analyst Raven Zachary noted on his blog on Monday. Syneron, which CNET News.com recently covered, is quite a departure from open-source software. According to Syneron, it sells technology that uses "bipolar radio frequency and light" to remove body hair, reduce wrinkles, and treat superficial lesions, acne, leg veins and cellulite.
A Zend representative confirmed Gerstel's departure and said the company, which commercializes the widely used open-source PHP Web server software, should have a replacement soon.
"Hopefully we'll have some news shortly on the new CEO," the company representative said. "There's a strong candidate in play. We hope to say something in coming weeks."
Stephen Shankland covers Google, Yahoo, search, online advertising, portals, digital photography, and related subjects. He joined CNET News in 1998 and since then also has covered servers, supercomputing, open-source software, and science. E-mail Stephen.
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