Pace plc
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| Type | Public (LSE: PIC) |
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| Industry | Information technology |
| Founded | 1982 |
| Headquarters | Saltaire, West Yorkshire, England |
| Key people | Allan Leighton, Chairman Mike Pulli, CEO |
| Revenue | £1,330.9 million (2010)[1] |
| Operating income | £71.1 million (2010)[1] |
| Net income | £49.9 million (2010)[1] |
| Website | www.pace.com |
Pace plc (LSE: PIC) develops set-top boxes (STBs), advanced residential gateways, software and services for the pay-TV and broadband services industry. Pace's customer base includes cable, telco, satellite and IPTV operators in markets across the globe. The company is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap 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.[2] In 1987 it started selling its first analogue satellite set-top receivers.[2] In 1995, it manufactured the world's first DVB decoders for Australian satellite company Galaxy.[2]
Pace was floated on the London Stock Exchange in 1996.[2] In 1998 the company started shipping digital satellite television equipment for BSkyB.[2] In 1999, Pace purchased the set top box division of Acorn Computers and converted it into its Cambridge office.[2] As a result, for a number of years, Pace owned the GUI RISC OS, and used technologies based on it in its decoder equipment. The Cambridge office was closed down in 2003.[3]
Pace achieved a breakthrough into the United States market in 2000 when it started delivering products to Comcast; the Company also now delivers to AT&T and DirecTV.[4] 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.[5]
In March 2002, Pace became the first company to market free-to-view Personal Video Recorders (PVRs).[6] In 2005, Pace in conjunction with Australian subscription television provider Foxtel launched the first DVB-C PVR.[7] 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.[8]
In April 2008, Pace acquired the 'Set-Top Box and Connectivity Solutions' division of Royal Philips Electronics, approximately doubling the size of the company.[9] In May 2008, Pace changed its name from Pace Micro Technology plc to Pace plc.[10]
In 2010, Pace acquired US home networking equipment maker 2Wire,[11] IP and Cable specialist, Bewan Systems SA[12] and pay-TV software specialist, Latens Systems.[13] In June 2010, Allan Leighton became the new Chairman, taking over from Mike McTighe. [14]
In December 2011, Neil Gaydon was replaced as CEO by Mike Pulli, formerly president of Pace Americas[15]
[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. The company has major operations in the USA, France and India as well as the UK HQ.
[edit] Customers
The company's customers include:
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[edit] References
- ^ a b c Annual Report 2010
- ^ 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
- ^ "Pace to buy US broadband company". BBC News. 26 July 2010. http://www.bbc.co.uk/news/business-10760336. Retrieved 1 August 2011.
- ^ Pace Ups Tempo With Bewan Buy Light Reading, 2 March 2010
- ^ Pace buys Irish software company Yorkshire Post, 4 November 2010
- ^ Allan Leighton confirmed as Pace plc Chairman Pace, 21 June 2011
- ^ "US boss takes over as head of Pace". The Yorkshire Post. 15 December 2011. http://www.yorkshirepost.co.uk/business/business-news/us_boss_takes_over_as_head_of_pace_1_4061036. Retrieved 16 December 2011.
- ^ 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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Wikimedia Commons has media related to: Pace digital set-top boxes |
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