Zend Raises Another $9 million - For What? More Open Source PHP or.. ?
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Zend, one of the lead commercial PHP vendors, today announced that they have received another $9 million in venture capital funding, led by Greylock Partners. So my question is - if Zend is already successful, both in terms of technology and customers why does it still need additional venture funding? At this point, shouldn't revenue and cash flow from operations be enough to keep the company going?
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