Ruby on Rails

Zend raises $20 million to ride the Web 2.0 “PHP” boom

SiliconBeat: Zend raises $20 million to ride the Web 2.0 “PHP” boom

 

Zend Technologies, the Cupertino start-up that sells software to develop Web sites based on the popular PHP scripting language, has raised $20 million in a fourth round of venture capital (release here).By raising so much cash, the company must be aiming to produce a substantial return to make it worthwhile for its investors. It had already raised $16 million.

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