[CentOS] PHP version not enough for developers

Hi,

So, it seems that the current version of PHP in Centos 7 is PHP 5.4.16
however this version of PHP stopped getting security support from the PHP
people one month ago [1].

Now, our developers want to use the new and shiny PHP because they want to
use the latest version of Zend. They are proposing using this package [2]
but I never heard of this repo.

Other than building the packages ourselves is there a more acceptable way
to run a later version of PHP?

Thoughts? Experiences? Ramblings?

Ta,

Andrew

[1] - http://php.net/supported-versions.php
[2] - https://webtatic.com/packages/php56/