NDS Eyes Home Hubs for IPTV.(NDS Group acquires Jungo Software Technologies, internet protocol television)
Multichannel News, December, 2006 by Spangler, Todd
By Todd Spangler
Acquires Gateway Software Firm To Add DVR Features
NDS Group is getting its mitts on software that the conditional-access technology vendor thinks will give it a bigger Internet-Protocol TV play and let it deliver new digital-video recorder features.
Last week, the company, majority-owned by Rupert Murdoch's News Corp., announced the acquisition of Jungo Software Technologies, an Israeli developer of software for broadband Internet residential gateways, in a deal worth up to $107.5 million in cash.
That purchase price includes a $17 million payment contingent on Jungo reaching certain fiscal targets in the 12 months after the company becomes part of NDS. The companies expect the deal to close in first...
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