Zend Technologies Secures Capital from TriplePoint
July 10, 2008

Zend Technologies, the PHP Company, announced that it has obtained up to 7 million dollars from TriplePoint Capital, of Menlo Park, California. Zend will use the funds as needed, to take advantage of market expansion opportunities as they arise.

"The market for commercial web-based applications using PHP technologies is growing very fast in all geographies around the world," said Harold Goldberg, CEO at Zend Technologies. "Zend benefits from its strong position in this market, with an expanding list of major companies as customers and partners. We wanted to ensure that we continue our expansion and are therefore pleased to begin this partnership with TriplePoint Capital, a firm whose innovative approach closely aligns with our strategies in the web application market."

"We are excited to partner with Zend, because we recognize the potential of its business and believe that it has the management and technology strength needed to capitalize on this compelling opportunity," said Kai Tse, Director at TriplePoint Capital.