Zend provides a platform for applications written in PHP, a computer language devised by its founders.
Israeli start-up Zend Technologies recently completed a $6 million financing round from venture capital fund Index Ventures, together with previous investors Walden Israel and SFK Technologies. Index Ventures has previously invested in Israeli companies FilesX, BeamExpress, and VCON Telecommunications(Nouveau Marche: VCON). Sources close to Zend said that the financing round had not been closed, and would be increased by $2-3 million from US funds expressing interest in the company. Zend has raised $12 million to date.
Zend’s most recent financing round was in November 2003, when it raised $6 million. CTO Zeev Suraski, VP technology Andi Gutmans, and president and CEO Doron Gerstel founded Zend in 1999. The company provides a platform for applications written in PHP (Hypertext Preprocessor), a computer language devised by its founders, which is used for Internet-based applications. The backbone of PHP is a Zend engine, which has been installed at over 12 million sites and Internet applications. Zend has reached the break-even point, and its 2003 sales were estimated at a few million dollars. Published by Globes [online] - www.globes.co.il - on March 15, 2004