August 27, 2006 9:00 PM PDT

Zend nets $20 million in funding

By Stephen Shankland
Staff Writer, CNET News

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Related Stories: Zend to show PHP tools in October
July 20, 2006; Andreessen: PHP succeeding where Java isn't
October 19, 2005; Start-up to sell open-source Web software
January 22, 2001

Zend, which commercializes the widely used open-source PHP software that lets computers create customized Web pages, has received a $20 million boost through a fourth round of funding. Graylock Partners led the round, with contributions from earlier investors such as Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital, the company plans to announce Monday.

Zend will use the funding to expand internationally and to speed product development, co-founders Andi Gutmans and Zeev Suraski said in a statement. In addition, Greylock partner Moshe Mor has joined the board, the company said.

See more CNET content tagged:
Zend Technologies Ltd., PHP, open source

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