Pace plc

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Pace plc
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.

Contents

[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, it 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]

Pace Micro Technology DC757X Set top box

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

[edit] References

  1. ^ a b c d e f Pace: History
  2. ^ Redundancies at Cambridge Pace office 27 March 2003
  3. ^ Pace to Supply Digital Set Top Boxes to Comcast Cable Business Wire, 26 June 2000
  4. ^ Gordon Brown investigates China Business Wire, 23 February 2005
  5. ^ Pace launches Digital Free to View PVR Automated Home, 25 September 2002
  6. ^ Pace to Launch World's First DVB Cable PDR for payTV Business Wire, 21 February 2005
  7. ^ Gaydon named Pace CEO CED Magaazine, 5 April 2006
  8. ^ Pace buys Philips set top box business The Times Online, 19 December 2007
  9. ^ Corporate Information
  10. ^ 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 2008-05-13. 

[edit] External links

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