• 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
    Raz-Lee Security

    With COVID-19 wreaking havoc, cybercriminals are taking advantage of the global impact that it has had on our families, our businesses and our societies. It is more important now than ever to ensure that IT systems are protected, so that when all of this is behind us, we can get back to business as usual as quickly as possible.

    iSecurity Anti-Ransomware protects organizations against ransomware attacks and other kinds of malware that may access and change business-critical data on your IBM i. It even protects against zero-day attacks. Anti-Viruses can only report on the damage an attack has caused, but not stop it.

    iSecurity Anti-Ransomware has been recently enhanced with a Self-Test feature that allows you to simulate a ransomware attack on your IBM i. The simulated attack is limited to the test folder and cannot harm any other folders or files. This new feature lets organizations see how they are protected against known or unknown ransomware.

    Key Features:

    • Real-time scanning for known and unknown ransomware threats.
    • Blocks and disconnects the intruder.
    • Instantaneously sends alerts to SIEM as well as the offending computer.
    • Self-Test for attack simulation
    • Classification of the attack based on log.
    • Automatic updates with the most current ransomware definitions.

    Contact us at https://www.razlee.com/anti-ransomware

    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

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

    Content archive

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

    Recent Posts

    • The Cloud’s Future Is So Bright, So Why Are You So Glum?
    • Most App Modernization Projects a Struggle, Survey Finds
    • COMMON Launches IBM i Security Conference
    • Four Hundred Monitor, August 17
    • A Slew Of Add-On Services For Power10 Systems
    • Power10 Midrange Machine: The Power E1050
    • IBM Puts The Finishing Touches On PowerHA For IBM i 7.5
    • Guru: Regular Expressions, Part 2
    • Get Your Security Education, And Not From The School Of Hard Knocks
    • IBM i PTF Guide, Volume 24, Number 33

    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 © 2022 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.