Jungo Chosen for Deloitte Technology
Ranked 12th of 50 Fastest Growing Technology Companies in Israel
SAN JOSE, Calif., November 9, 2004JungoŽ Software Technologies, Inc., a leading provider of Home/SOHO gateway software, today announced that it was ranked the 12th Fastest Growing high-tech company in Israel, according to the Deloitte Technology Fast 50, which ranks the fastest growing high-tech companies both private and publicly held on the basis of percentage growth in revenues between 1999 and 2003.
"Achieving sustained revenue growth of 675% over five years is a tremendous accomplishment during a difficult period for the technology sector," said Shlomi Anfang, Partner in charge of the Deloitte Brightman Almagor Technology Fast 50 program. "Jungo deserves a lot of credit for its remarkable growth, and we commend them for it."
"Jungo's tremendous growth is a tribute to the passion, determination, and commitment of our employees," said Ofer Vilenski, Jungo's Chief Executive Officer. "The past five years have been exciting and challenging and I am enthusiastically looking forward to the future."
About Jungo
Jungo Ltd., an NDS Group company, is a provider of broadband home
value-added service solutions. Jungo's flagship products, OpenRG™
(
residential gateway software
platform) and OpenSMB™ (small and medium business gateway
software platform) enable broadband Operators to deliver managed
revenue-generating services to the digital home.
Jungo also offers driver development tools,
embedded USB software solutions ans
USB testing tools.
Jungo has partnered with leading operating system and silicon vendors to provide the best solutions for both software and hardware developers.
To find out more about Jungo Ltd. and our products, please visit
www.jungo.com.
This document may contain certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management's views and assumptions regarding
future events and business performance as of the time the statements are
made. Actual results may differ materially from these expectations due to
changes in global economic, business, competitive market, regulatory and
other factors. More detailed information about these and other factors that
could affect future results is contained in our filings with the US
Securities and Exchange Commission. Any &auot;forward-looking
statements" included in this document are made only as of the date of
this document and we do not have any obligation, nor do we undertake, to
publicly update any "forward-looking statements" to reflect
subsequent events or circumstances, except as required by law.
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