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Zend Signs On $7 Million Venture Debt Round

Friday, July 11, 2008 5:46:00 AM PDT | VentureDeal Staff

Cupertino, California --  IT company Zend Technologies announced that it has received $7 million in a venture debt commitment.

Zend provides software products and services for developing and managing enterprise level PHP-based information technology applications.

Triple Point Capital made the credit commitment.  The company said it would use the funds primarily to take advantage of market expansion opportunities.

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