• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Zend Bags $20 Million More in Venture Funding

    September 5, 2006 Timothy Prickett Morgan

    Zend Technologies, the commercial company that stands behind the open source PHP programming language and related development tools, has gone back to the well for its fourth round of venture capital funding.

    Because the popularity of PHP is growing by leaps and bounds, Zend has had no trouble convincing venture capitalists to cough up $20 million to help Zend build for what one would presume is an inevitable public offering of its stock. There are mumblings on Wall Street that Zend could possibly go public toward the end of 2007, but the company would not confirm this rumor.

    In this Series D round of investing, Greylock Partners lead the funding, and Moshe Mor, a partner at Greylock, secured a position on Zend’s board of directors as a result of the investment. Zend did not say how much money Greylock put up, but said that existing investors–that would be Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures, and Walden Israel Venture Capital–all kicked in money in the Series D funding.

    Zeev Suraski and Andi Gutmans, co-founders of Zend, said in a statement that the $20 million will be used to help the company expand into new geographies, speed up product development, and create the services infrastructure that is ultimately the revenue generator for Zend, since PHP is an open source product that is freely distributed. Zend has more than 15,000 customers who pay for commercial support for its development tools and various server add-ons when PHP applications are deployed.

    To date, Zend has raised $36.7 million in venture capital in four rounds. It is somewhat unusual for a company to get four rounds of funding, and it is very unusual to get five rounds. So this $20 million is probably the rocket fuel that will get Zend to the initial public offering stage.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 35 -- September 5, 2006

    Sponsored by
    DRV Tech

    Get More Out of Your IBM i

    With soaring costs, operational data is more critical than ever. IBM shops need faster, easier ways to distribute IBM applications-based data to users more efficiently, no matter where they are.

    The Problem:

    For Users, IBM Data Can Be Difficult to Get To

    IBM Applications generate reports as spooled files, originally designed to be printed. Often those reports are packed together with so much data it makes them difficult to read. Add to that hardcopy is a pain to distribute. User-friendly formats like Excel and PDF are better, offering sorting, searching, and easy portability but getting IBM reports into these formats can be tricky without the right tools.

    The Solution:

    IBM i Reports can easily be converted to easy to read and share formats like Excel and PDF and Delivered by Email

    Converting IBM i, iSeries, and AS400 reports into Excel and PDF is now a lot easier with SpoolFlex software by DRV Tech.  If you or your users are still doing this manually, think how much time is wasted dragging and reformatting to make a report readable. How much time would be saved if they were automatically formatted correctly and delivered to one or multiple recipients.

    SpoolFlex converts spooled files to Excel and PDF, automatically emailing them, and saving copies to network shared folders. SpoolFlex converts complex reports to Excel, removing unwanted headers, splitting large reports out for individual recipients, and delivering to users whether they are at the office or working from home.

    Watch our 2-minute video and see DRV’s powerful SpoolFlex software can solve your file conversion challenges.

    Watch Video

    DRV Tech

    www.drvtech.com

    866.378.3366

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Four iSeries Access Tips for Windows Professionals Details Emerge on Project Prometheus System i Promotion Efforts

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 35

This Issue Sponsored By

    Table of Contents

    • IBM’s Systems at the U.S. Open Continue to Evolve
    • Researchers Build Prototype Ion Pump to Cool Chips
    • Enterprise Portal Market Expected to Grow Immensely
    • Zend Bags $20 Million More in Venture Funding
    • Companies Continue to Consume Massive Amounts of Storage
    • IBM’s Systems at the U.S. Open Continue to Evolve
    • Labor Day 2006: Employees Want Companies to Invest in Them
    • Mad Dog 21/21: Frequent Deniers Club
    • Pre-COMMON Sound Off: Lack of i5 Marketing Still the Major Complaint
    • The Governor-Buster Saga Starts Again with MAX400

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • FAX/400 And CICS For i Are Dead. What Will IBM Kill Next?
    • Fresche Overhauls X-Analysis With Web UI, AI Smarts
    • Is It Time To Add The Rust Programming Language To IBM i?
    • Is IBM Going To Raise Prices On Power10 Expert Care?
    • IBM i PTF Guide, Volume 27, Number 20
    • POWERUp 2025 –Your Source For IBM i 7.6 Information
    • Maxava Consulting Services Does More Than HA/DR Project Management – A Lot More
    • Guru: Creating An SQL Stored Procedure That Returns A Result Set
    • As I See It: At Any Cost
    • IBM i PTF Guide, Volume 27, Number 19

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2025 IT Jungle