NDS, which provides solutions for securing digital pay-TV, plans to acquire Jungo Ltd, a developer of residential gateway software, for an aggregate consideration of up to $107.5 million in cash.
Jungo's portfolio includes OpenRG, a middleware software platform for deployment on network devices in the digital home and small office including triple play residential gateways, home/SOHO routers, wireless access points, cable/DSL routers and voice gateways.
Jungo's customers include residential gateway manufacturers like Actiontec, Cisco, Pirelli, Sagem, Siemens and Westell, who sell their residential gateways to major broadband pay-TV operators such as France Telecom, NTT, Qwest, Telecom Italia, Verizon and others.
Dr Abe Peled, NDS President and CEO said, "The acquisition of Jungo positions NDS to better serve the ever-increasing need of pay-TV and telecom network operators to offer reliable video over broadband services. We are extremely excited about joining forces with the Jungo team to achieve our shared vision of securing and enabling content any time anywhere and on any device. We are of course committed to serving all of Jungo's current customers after the transaction closes, as well as helping the Jungo team expand their market penetration worldwide."http://www.nds.comhttp://www.jungo.com
- Jungo was founded in 1998 and is based in San Jose, California with R&D in Netanya, Israel.
