The French company that created the famous PHP framework has closed a fundraising round with CM-CIC Capital Privé.
The French company SensioLabs, creator of the PHP framework Symfony, has concluded a fund raising. It was raised with CM-CIC Capital Privé for €5 million. Thanks to this contribution, Fabien Potencier and Grégory Pascal’s company intends to strengthen its international development.
“Symfony, created in 2005 by Fabien Potencier, is a development framework used by many open source projects, such as Drupal, phpBB or eZ Publish, and thousands of companies, such as Dailymotion, Yahoo, Blablacar…”, recalls SensioLab. Founded in 2012, the publisher bases its business model on the marketing of PHP project management tools. Its first solution, in beta version since October 2013, SensioLabsInsight measures the quality of PHP code.
“After the successful opening of six offices in France, Germany and the United Kingdom, we plan to develop our activities across the Atlantic and particularly in the United States to support the growing use of Symfony,” adds SensioLab. With 80 employees, the company recorded a turnover of 7 million euros in 2013, and plans to recruit around 100 people by 2015.
Alongside Zend, Symfony is becoming one of the leading PHP frameworks. Proof of its high quality: since its version 8, the Drupal CMS is based on some Symfony bricks (especially for Web Services Rest, dependency injection, caching and redirections). It is also interesting to note that bridges are starting to be built between Symfony and Zend. Zend integrates for example Twig, a template engine created by the Symfony community.