SensioLabs, the Paris-based creator of the PHP framework Symfony, today announced the closing of a $7 million financing round from CM-CIC Private Capital. The fresh capital will enable the company to accelerate its international growth and continue its PHP language tool development.
PHP is the most commonly used programming language on the web (75% of all Internet sites). Created in 2005 by Fabien Potencier, Symfony is a PHP development framework used by numerous popular open-source projects (Drupal, phpBB, eZ Publish, etc.) and thousands of companies (Dailymotion, Yahoo!, Blablacar, etc.) worldwide. Adopted by a community of over 100,000 developers, Symfony and its components are downloaded more than a million times every month and are recognized as one of the most professional open-source solutions available in PHP today.
Founded in 2012, SensioLabs aimed to help find answers to growing issues developers and companies encountered with the Symfony framework and PHP language in their specific applications. Beyond offering service and support, SensioLabs conceives products destined for companies and developers, their goal being to improve quality, deployment and easy management of their PHP applications. The first solution, SensioLabsInsight, destined to measure code quality in PHP applications is available in beta version since October 2013.
With six offices throughout France, Germany and the United Kingdom, the company will develop its overseas activities, namely in the United States to support the increased use of Symfony in that market. With more than 80 collaborators, the company earned € 7 million in 2013 and anticipates hiring 100 people between now and 2015.
Nicolas Meunier, Director of Participation (CM-CIC Private Capital), stated: ”We have been following the Symfony adventure for several years and are happy to join Fabien and Gregory in this new stage of development. We share their keen vision of the continual evolution of the web and appreciate the quality of their product and entrepreneurial road for the last 15 years.“