Jungo Raises $5.5 Million in Third-Round Funding from Infineon Ventures, the Intel Communications Fund, Partech International and TeleSoft Partners

September 8, 2003

Funding to fuel R&D growth and the expansion of operations in Asia, Europe and North America

San Jose Calif., September 8, 2003Jungo® Software Technologies, Inc., a leading provider of residential gateway software, today announced that the company has secured $5.5 million in a third round of funding, led by Partech International and joined by Jungo's existing investors, Infineon Ventures, the Intel Communications Fund and TeleSoft Partners.

Jungo develops OpenRG™, a software suite that enables broadband access device manufacturers to add home networking applications and managed broadband services to cable and DSL modems, residential and small office/home office (SOHO) gateways, wireless access points, and integrated access devices (IAD). Jungo's OpenRG residential gateway software is currently integrated into access devices from tier-one vendors, such as Toshiba and U.S. Robotics, and Jungo-powered designs have already been deployed in North America and the Asia-Pacific region.

"With mass deployments of Jungo-powered gateways in 2003, Jungo has established itself as one of the major software vendors in the broadband industry," said Ofer Vilenski, co-founder, CEO and president of Jungo. "Having closed this latest funding round, we will be able to expand our R&D team and increase our presence in our major markets. This will allow us to maximize the traction we have created with the industry's leading silicon and equipment vendors and offer our customers a wider range of integrated software solutions for future gateways."

Partech's Venture Partner, Ami Amir, who is also the founder and former CEO of RADVISION, will join Jungo's board of directors and contribute his extensive industry expertise. Commenting on the closing of the funding round, Amir said: "Jungo's success lies in the fact that they recognized early on what the broadband industry is recognizing today: that sophisticated customer premise equipment software plays a crucial role in the generation of additional revenues from broadband subscribers. With modest funding and a highly skilled team, Jungo has become a company with an impressive customer list, growing revenues, and a range of products that are recognized as some of the best in the industry. This is definitely a company that we are excited to be a part of."

Yatin Mundkur of TeleSoft added, "Jungo has consistently remained several steps ahead of the wider residential gateway market and now that this market is heating up, we are thrilled to find Jungo as the leading software vendor with the largest number of design wins. With this latest round of funding closed, we expect Jungo to continue to be a major player in the broadband industry."

About Partech
Founded in 1982, VC firm Partech International has offices in San Francisco and Paris, and manages approximately $850 million. Partech's world-class investors include: AT&T, JP Morgan, IBM, Bell Atlantic, Credit Agricole Indosuez, GTE, Merrill Lynch, Swiss Life, and AXA. Partech International's differentiators include:
  • International Focus: 20+ years of global investing, and assisting portfolio companies with cross-border expansion.
  • Industry Focus: on enterprise software and communications solutions.
  • Lifecycle Financing: early stage, late stage and public equity investments.
Selected investments include: Ascend, Breezecom, Business Objects, Cadence, Digital Island, Informatica, and Vignette.
About TeleSoft Partners
TeleSoft Partners is a venture capital firm focused on next generation communications and high technology companies. Based in Silicon Valley, TeleSoft manages capital commitments of $625+ million. TeleSoft focuses on nine core segments: Carrier & Enterprise Networks, Routing & Switching, Server & Storage Architecture, Optical Networking, Integrated Access, Middleware & Services, Software Applications, Broadband Wireless, and Components & Tools. TeleSoft's value added network includes its General Partner Team, Senior Industry Executive Network, Corporate Partners, and Portfolio Companies. For more information, visit http://www.telesoftvc.com.
About Infineon Ventures
Infineon Ventures GmbH, the corporate venture capital arm of Infineon Technologies AG with offices in Munich (Germany) and San Jose (California), today manages a portfolio of 35 start-up companies. Since October 1998 up to date, venture capital of approximately 150 million dollars has been spent in form of minority equity investments. The investment activities are global in region and focus in industry sector on early-stage and start-up companies in microelectronics and communications. More information is available at http://www.infineonventures.com.
About Intel Communications Fund
The $500 million Intel Communications Fund, managed by Intel Capital, was established in September 1999 and focuses on accelerating Intel voice and data communications and wireless networking initiatives. The fund targets companies developing basic communications and semiconductor components and boards, real-time operating systems, software tools and utilities, system level hardware and software, and wireless network services and channels. The Intel Communications Fund has made more than 80 investments in 17 countries on five continents.
About OpenRG
Jungo's OpenRG™ software for residential gateways enables delivery of innovative, usable and manageable value-added services to the evolving digital home, while minimizing the telco's support costs and VAS time-to-market. OpenRG supports all popular home networks and access networks, and includes high-performance feature-rich VAS enablers, such as QoS, VoIP, Firewall and Remote management, as well as a growing set of value-added services. Millions of Jungo-based gateways are deployed
About Jungo
Jungo is a leading provider of software products and solutions that power residential broadband service offerings and connectivity solutions. Our residential broadband products enable 40 million of the world's residential gateways. Our connected home, application framework and remote management solutions let service providers easily launch value-added broadband services and manage and monitor their delivery. Jungo's unique home broadband offerings enable service providers to accelerate the introduction of a variety of innovative, revenue generating digital home services, while enhancing their competitive edge and reducing operational costs.

Jungo's connectivity solutions division offers extensive connectivity software solutions for USB and PCI, including WinDriver™, a driver development toolkit that enables developers to quickly create custom device drivers that can run on a multitude of operating systems without modification, and USBware™, a complete, high-quality embedded USB software protocol stack, allowing device manufacturers to easily incorporate standard USB OTG/Host/Device connectivity in their designs.

Jungo is owned by NDS, a leading global provider of end-to-end software solutions for the pay television industry. Jungo is owned by NDS, a leading global provider of end-to-end software solutions for the pay television industry. To learn more, visit www.jungo.com.

Cautionary Statement Concerning Forward-looking Statements
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.