Jungo Connectivity

Jungo Connectivity Ltd.
Private
Industry Automotive IVI Multimedia Middleware, Driver Development, Embedded USB Stacks
Founded 1998
Founder Ofer Vilenski, Derry Shribman
Headquarters Netanya, Israel
Key people
 Ophir Herbst (CEO Jungo Connectivity)
Products MediaCore, WinDriver, DriverCore, USBware
Website www.jungo.com

Jungo Connectivity is an Israeli software company that specializes in automotive software and device driver development.[1]

History

Jungo was founded in 1998 as KRFTech Ltd., by two former Checkpoint Software Technologies employees, Derry Shribman and Ofer Vilenski (who served as the company's first CEO), initially specializing in creating toolkits for hardware developers, later expanding to provide residential gateway technologies. In April 2000 the company changed its name to Jungo Ltd.[2]

In April 2001, Jungo raised $7 million in its second round of financing by venture capital fund TeleSoft Partners and Infineon Ventures and the Intel Capital.[3]

During 2003 Toshiba and Samsung became customers; in September the same year, Jungo raised $5.5 Million in a third round of funding.[4]

On 4 December 2006 Jungo was acquired by the NDS Group for $107 million.[5]

On 15 March 2012 Cisco Systems announced the acquisition of the NDS Group for a $5B.[6][7][8]

On 1 May 2013 the Connectivity Software division was divested into Jungo Connectivity Ltd.

The Connected Home division of Jungo Ltd. became a part of the Cisco Videoscape Unity platform, through the acquisition of NDS.

References

  1. ↑ "About Jungo Connectivity". Jungo Connectivity. Retrieved 2016-12-02.
  2. ↑ "Jungo Ltd. - Company Profile". BusinessWeek.
  3. ↑ "Jungo’s $7 million second round led by TeleSoft Partners" (PDF). IVCJ - Israel Venture Capital Journal. 1 (3). June–July 2001.
  4. ↑ "Jungo Raises $5.5 Million in Third-Round Funding from Infineon Ventures, The Intel Communications Fund, Partech International and TeleSoft Partners". PRNewswire. 8 Sep 2003.
  5. ↑ "NDS to buy Israel's Jungo for up to $107.5 mln". Reuters. 4 Dec 2006.
  6. ↑ "Cisco Announces Intent to Acquire NDS". 15 March 2012.
  7. ↑ "Cisco Completes Acquisition of NDS". 31 July 2012.
  8. ↑ "NDS is now part of Cisco". 7 August 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.