Zeus Technology raises £3m
Print'Period of rapid growth'
Posted in Financial News, 8th March 2005 12:36 GMT
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Zeus Technology has raised £3m in third round funding from Scottish Equity Partners and Cazenove Private Equity.
The money will be spent on sales and marketing activities for Zeus's Extensible Traffic Manager (ZXTM) product. ZXTM launched April last year to help manage and optimise traffic around busy websites.
Cazenove Private Equity has invested in Zeus for several years and predicts the firm will soon be seeing faster growth. Tod Bensen, chief executive at Cazenove Private Equity, said: "the company is poised to enter a period of rapid growth."
The Cambridge-based firm launched a cheaper version of its product earlier this month.
Zeus, which started in 1994, claims 800 customers with over one million websites. Customers include BT, blueyonder, dooyoo, eBay, Expansys, Thus and Telefonica Data .®
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