Capstone Partners Advised Zend Technologies on its Acquisition by Rogue Wave Software
Capstone Partners advised Zend Technologies (“Zend”), the leader in end-to-end PHP web and mobile application development and deployment solutions, on its acquisition by Rogue Wave Software.
Zend supports and enables millions of PHP developers with its product set: Zend Server, Z-Ray, Zend Studio, and Zend Guard. With 50 percent of the web workload running on PHP, including Magento, Drupal, and WordPress, Zend products drive PHP in the enterprise, from code creation through production deployment.
Andi Gutmans, co-founder and CEO of Zend said, “We are excited about the combination and its growth synergies for both organizations. Rouge Wave brings Zend additional credibility and reach into the largest enterprises in the world, while Zend brings Rogue Wave the opportunity for expansion into Web and Mobile with strong Continuous Delivery and DevOps credibility as well.” He added, “The Capstone team developed a deep understanding of our business and worked seamlessly with our Board, Management and Shareholders to achieve this result.”
Jack Maier, Head of Investment Banking at Capstone, commented, “Zend’s acquisition by Rogue Wave highlights the increasing importance of PHP in the enterprise software development lifecycle. We are excited to see Zend’s business continue to accelerate with the scale of Rogue Wave behind it.