PHP Firm Zend Lands $20 Million
Zend develops products for PHP development, and the company just hauled in $20 million in Series D Funding; a “strong candidate” for the open CEO job may be named in the coming weeks.
Well-known venture firm Greylock Partners, a long-time fixture in the technology world through having backed numerous companies, signed on for this investment round. It is their first investment in Zend, and also places Greylock partner Moshe Mor on Zend’s board of directors.
GigaOm lead writer Om Malik noted that many Zend investors have also invested in MySQL AB, the company behind the MySQL open source database. PHP and MySQP have been very popular with startup companies.
Red Herring sees good things for Zend. In their story on the infusion of capital, they cited Gutmans on some of Zend’s forward-looking thoughts:
Whatever transpires will take place with a new CEO heading up the company. Former CEO Doran Gerstel left Zend in April 2006, and that corner office has remained open. CNet blogger Stephen Shankland posted that Zend should have something to announce about that in the coming weeks.
David Utter is a staff writer for WebProNews covering technology and business.