Zend Technologies Announces Strategic Investments by Intel and SAP Ventures

CUPERTINO, Calif.--()--Jan. 24, 2005--Zend Technologies, Inc., creator and ongoing innovator of PHP, products and services supporting the development, deployment and management of PHP-based applications, today announced it has received strategic investments from both Intel Capital and SAP Ventures, a division of SAP AG. Zend will work with both companies to continue the momentum of open source and PHP solutions for business-critical web applications in enterprise environments. Terms of the investments were not disclosed.

"As the meteoric growth of PHP continues, it is clear that it has become a relevant and significant development language," said Stephen McClure, program vice president in IDC's Software Research Group. "Any corporation building enterprise-grade applications would be wise to consider the open source development platform as a strong competitor to traditional commercial solutions."

Zend, the creator of PHP and the open source Zend Engine, is committed to working with the PHP community to continue to enhance and extend the capabilities of PHP. The company is also focused on driving PHP to the enterprise by delivering infrastructure products and services for business-critical, dynamic web applications. Zend offers next-generation products and services necessary for enterprise-class PHP applications, ensuring reliability, scalability and interoperability.

"Companies can use PHP to develop custom applications and commercial web-based applications, such as an airline e-ticketing system," said Will Swope, vice president and general manager of Intel's Software and Solutions Group. "We're investing in companies that provide robust tools for the open source and PHP developer communities, letting enterprises deploy mission-critical PHP applications in several weeks, instead of months. Intel will work with Zend to help the company optimize its PHP solution for use across Intel processor-based PCs and servers."

"Strategic investments from Intel Capital and SAP Ventures will be used to build a commercial infrastructure to support PHP in the enterprise, further strengthening both the momentum PHP has and Zend's position as the PHP leader," said Doron Gerstel, President and CEO, Zend Technologies. "The combination of our ongoing development of a solid ecosystem surrounding PHP and these investments is a testament to businesses that Zend and PHP are enterprise grade. Working with Intel and SAP will make it even stronger."

About Zend Technologies, Inc.

Zend Technologies, Inc., the PHP company, is the leading provider of products and services for developing, deploying and managing business-critical PHP applications. Zend and its founders are the creators and ongoing innovators of PHP, which is used by more than fifteen million web sites and has quickly become the most popular language for building dynamic web applications. Deployed at more than 6,000 companies worldwide, the Zend family of products is a comprehensive platform for supporting the entire lifecycle of PHP applications. Zend, headquartered in Cupertino, California, is privately held and venture funded with investments from Azure, Index, Intel Capital, Platinum, SAP Ventures and Walden Israel. For more information, please visit www.zend.com, or call 408-253-8800.

Zend, Zend Technologies, Zend Store, Zend SOS, Zend.com and/or the logos and icons associated with each of these names are trademarks of Zend Technologies, Inc. and may be registered in certain jurisdictions. All other trademarks are the property of their respective owners.

Contacts

Zend Technologies
Pamela Roussos, 408-253-8812
psr@zend.com
or
Impact Communications
Allison Niday, 831-439-9068
allison@impactcommpr.com

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Contacts

Zend Technologies
Pamela Roussos, 408-253-8812
psr@zend.com
or
Impact Communications
Allison Niday, 831-439-9068
allison@impactcommpr.com