Pace plc

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Pace plc
Type Public
Traded as LSEPIC
Grey MarketPCMXF
Industry Information technology
Founded 1982
Headquarters Saltaire, West Yorkshire, England
Key people Allan Leighton, Chairman
Mike Pulli, CEO
Revenue $2,469.2 million (2013)[1]
Operating income $138.8 million (2013)[1]
Net income $96.7 million (2013)[1]
Website www.pace.com

Pace plc develops set-top boxes (STBs), advanced residential gateways, software and services for the pay-TV and broadband services industry. Pace's customers include cable, telco, satellite and IPTV operators. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

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] In the following years Pace owned the GUI RISC OS, and used technologies based on it in its decoder equipment. The Cambridge office was closed in 2003.[3]

Pace started delivering products to Comcast in the United States in 2000; the company also delivers to AT&T and DirecTV.[4] In 2001 Pace announced that it was outsourcing the last of the manufacturing capacity which remained at its location in Saltaire: the head office was reduced to an administration and development centre.[5]

Pace Micro Technology DC757X Set top box

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 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 chairman.[14]

In December 2011 Neil Gaydon was replaced as CEO by Mike Pulli, formerly president of Pace Americas[15]

Operations[edit]

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.

Customers[edit]

The company's customers include:

See also[edit]

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ a b c d e f Pace: History
  3. ^ Redundancies at Cambridge Pace office 27 March 2003
  4. ^ Pace to Supply Digital Set Top Boxes to Comcast Cable Business Wire, 26 June 2000
  5. ^ Gordon Brown investigates China Business Wire, 23 February 2005
  6. ^ Pace launches Digital Free to View PVR Automated Home, 25 September 2002
  7. ^ Pace to Launch World's First DVB Cable PDR for payTV Business Wire, 21 February 2005
  8. ^ Gaydon named Pace CEO CED Magazine, 5 April 2006
  9. ^ Pace buys Philips set top box business The Times Online, 19 December 2007
  10. ^ Corporate Information
  11. ^ "Pace to buy US broadband company". BBC News. 26 July 2010. Retrieved 1 August 2011. 
  12. ^ Pace Ups Tempo With Bewan Buy Light Reading, 2 March 2010
  13. ^ Pace buys Irish software company Yorkshire Post, 4 November 2010
  14. ^ Allan Leighton confirmed as Pace plc Chairman Pace, 21 June 2011
  15. ^ "US boss takes over as head of Pace". The Yorkshire Post. 15 December 2011. Retrieved 16 December 2011. 
  16. ^ West, David (2008-05-13). "BT Vision orders new Pace STBs". Digital Spy. Retrieved 2008-05-13. 

External links[edit]