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Jungo Ranks Number 242 on Deloitte Technology’s Fast 500 EMEA - Fastest Growing Technology Companies in Europe
Attributes its 445% Percent Revenue Growth to its Employees’ commitment to the early vision of the digital home
Netanya, Israel, November 28, 2006
Jungo today announced that it ranked Number 242 on the
2006 Deloitte Technology Fast 500 EMEA, a ranking of the 500
fastest growing technology companies in Europe, Middle East and
Africa. Rankings are based on percentage revenue growth over
five years, from 2001–2005. Jungo grew 445% percent during
this period.
Jungo’s CEO, Mr. Ofer Vilenski,
credits Jungo's employees' commitment to deliver a quality
product and Jungo's innovative solution with the company’s
445% revenue growth over the past five years. He said, "Jungo
became a market leader because we have been consistent in
implementing our vision of the digital home, and we keep updating
our vision to be ahead of the market needs."
"Making the Deloitte Technology Fast
500 is commendable in today’s highly competitive technology
industry," said Eric Morgain, partner in charge of
Deloitte’s Technology Fast 500 EMEA program. "We
congratulate Jungo on being one of the 500 fastest growing
technology companies in EMEA."
In addition to ranking on
Deloitte’s Technology Fast 500, Jungo ranked Number 20 on
the Israel Technology Fast 50, which is a ranking of the 50
fastest growing technology firms in Israel.
Overall, companies that ranked on the
2006 Technology Fast 500 had an average growth rate of 1,395
percent.
Fast 500 Selection and Qualifications
The Technology Fast 500 list is compiled from Deloitte’s EMEA Fast 50 programs, nominations
submitted directly to the Fast 500, and public company database
research. To qualify for the Fast 500, entrants must have had
2001 operating revenues of at least €50,000 and 2005
operating revenues of at least €800,000.
Entrants must also be public or private companies headquartered in EMEA and must be a
“technology company,” defined as a company that owns
proprietary technology that contributes to a significant portion
of the company's operating revenues; or devotes a significant
proportion of revenues to the research and development of
technology. Using other companies' technology in a unique way
does not qualify.
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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