Zend releases PHP5, gets influx of new funding

Posted by dave on Mar 30, 2004 6:23 PM EDT
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In a sign that the marketplace sees lots of promise in PHP's growth prospects, Zend Technologies has completed a new venture capital infusion of $6 million. The latest investment, from venture capital fund Index Ventures, together with previous investors Walden Israel and SFK Technologies, brings to $12 million the total of VC investments in Zend in less than six months, since November 2003. Israeli-based news service Globes [online] reports that Zend may actually get $2 to $3 million more in funding before the round closes. And as if to justify investors' faith, the long-anticipated PHP5 First Release Candidate is finally for download from Zend.

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