NDS Buys Jungo for $100 Million

NDS Group (Nasdaq: NNDS) reportedly has agreed to acquire Jungo Ltd., a San Jose, Calif.-based provider of residential gateway software and technology platforms, for $100 million. Jungo has raised around $14.5 million in VC funding from firms like Cipio Partners, Intel Capital, Partech International and TeleSoft Partners. www.nds.com www.jungo.com