Denver, CO (September 1, 2015) - Headwaters MB 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 ServerZ-RayZend 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 Headwaters team developed a deep understanding of our business and worked seamlessly with our Board, Management and Shareholders to achieve this result.” 

Gary Moon, Managing Director at Headwaters MB, 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.


About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit

About Zend Technologies

Zend Technologies is a partner to business for the rapid delivery of modern apps across mobile and cloud. Zend is the leading provider of software and services for developing, deploying and managing business-critical applications in PHP, which runs more than one-third of the world’s Web sites. Zend solutions, including Zend Server and Zend Studio, are deployed at more than 40,000 companies worldwide, providing a comprehensive solution for the entire application lifecycle. Zend is headquartered in Cupertino, California, with operations in Germany, France, Ireland, Israel and Italy as well as worldwide partner representatives. For more information, visit

About Rogue Wave Software

Rogue Wave provides software development tools for mission-critical applications. Rouge Wave’s trusted solutions address the growing complexity of building great software, and accelerates the value gained from code across the enterprise. The Rogue Wave portfolio of complementary, cross-platform tools helps developers quickly build applications for strategic software initiatives. With Rogue Wave, customers improve software quality and ensure code integrity, while shortening development cycle times. For more information, visit


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