Pace plc
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| Type | Public (LSE: PIC) |
|---|---|
| Founded | 1982 |
| Headquarters | Saltaire, UK |
| Key people | Mike McTighe, Chairman Neil Gaydon, (CEO) |
| Industry | Information technology |
| Revenue | £745.5 million (2008) |
| Operating income | £14.5 million (2008) |
| Net income | £11.1 million (2008) |
| Website | www.pace.com |
Pace plc (LSE: PIC) is a UK developer of set-top boxes for Cable television, Satellite television and IPTV operators. The firm is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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[edit] History
The Company was founded as Pace Micro Technology plc in 1982 and introduced the first low-cost commercially available modems in 1985.[1] In 1987 it started selling its first analogue satellite set-top receivers.[1]
In 1995, they manufactured the world's first DVB decoders for Australian satellite company Galaxy.[1]
Pace was floated on the London Stock Exchange in 1996.[1]
In 1998 the company started shipping DTT equipment for BSkyB.[1]
In 1999, Pace purchased the set top box division of Acorn Computers and converted it into its Cambridge office.[1] As a result, for a number of years, Pace owned RISC OS, and used technologies based on it in its decoder equipment: the Cambridge office was closed down in 2003.[2]
Pace achieved a breakthrough into the US market in 2000 when it started delivering products to Comcast; the Company also now delivers to DirecTV.[3]
In 2001, Pace announced that it was outsourcing the last of the manufacturing capacity which remained at Saltaire: the head office was reduced to an administration and development centre.[4]
In March 2002, Pace became the first company to market free-to-view Personal Video Recorders.[5]
In 2005, Pace in conjunction with Australian subscription television provider Foxtel launched the first DVB-C Personal Video Recorder.[6]
In April 2006 Neil Gaydon became CEO, taking over from John Dyson, and Mike McTighe became the new Chairman, taking over from Sir Michael Bett.[7]
In April 2008, Pace acquired the 'Set-Top Box and Connectivity Solutions' division of Royal Philips Electronics, approximately doubling the size of the company.[8]
In May 2008, Pace changed its name from 'Pace Micro Technology plc' to 'Pace plc'.[9]
[edit] Operations
Pace's head office is in Saltaire, near Bradford in West Yorkshire. It occupies a large proportion of the Victorian textile mill complex called Salt's Mill.
[edit] Customers
- Time Warner Cable - United States
- Comcast - United States
- DirecTV - United States
- Mediacom - United States
- Rogers Cable - Canada
- Vidéotron - Canada
- BT Vision[10] - United Kingdom
- Sky Digital - United Kingdom
- Virgin Media - United Kingdom
- SKY Italia - Italy
- Premiere (pay television network) - Germany
- Kabel Deutschland - Germany
- Viasat - Scandinavia and the Baltics
- Digiturk - Turkey
- UPC - Netherlands
- MultiChoice Africa - South Africa
- Foxtel (+ Optus Television) - Australia
- SKY Network Television - New Zealand
- Shaw Communications - Canada
- Cyfra+ - Poland
- Tata Sky - India
[edit] References
- ^ a b c d e f Pace: History
- ^ Redundancies at Cambridge Pace office 27 March 2003
- ^ Pace to Supply Digital Set Top Boxes to Comcast Cable Business Wire, 26 June 2000
- ^ Gordon Brown investigates China Business Wire, 23 February 2005
- ^ Pace launches Digital Free to View PVR Automated Home, 25 September 2002
- ^ Pace to Launch World's First DVB Cable PDR for payTV Business Wire, 21 February 2005
- ^ Gaydon named Pace CEO CED Magaazine, 5 April 2006
- ^ Pace buys Philips set top box business The Times Online, 19 December 2007
- ^ Corporate Information
- ^ West, David (2008-05-13). "BT Vision orders new Pace STBs". Digital Spy. http://www.digitalspy.co.uk/broadcasting/a95903/bt-vision-orders-new-pace-stbs.html. Retrieved on 2008-05-13.
[edit] External links
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Wikimedia Commons has media related to: Pace digital set-top boxes |
