NDS will pay $100m. Jungo is a provider of residential and business gateway software platforms and applications.
NDS Group (Nasdaq: NNDS), a provider of technology solutions for digital pay-TV, is buying Israeli start-up Jungo Ltd. for $100 million.
Founded in 1998, Jungo is a provider of residential and business gateway software platforms and applications.
Investment in Jungo has totaled $13.5 million to date. Jungo's investors include Conexant, Cipio Partners, Intel Communications Fund, Intel Capital, Partech International, Telesoft Partners, and Israel Industrial Resources Fund, L.P. The company has some 140 employees.
Published by Globes [online], Israel business news - www.globes.co.il - on November 29, 2006
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