Digital TV set-top box developer gathers Pace
Wednesday, March 3rd, 2010Pace is now the world’s second largest developer of set-top boxes for cable, satellite and IPTV, with a client list that includes UK digital TV providers Sky, Virgin Media and BT Vision. Pace has recorded profits of £69.9 million for 2009, according to BroadbandTVNews.com, which equates to a massive 405% increase on 2008.
Pace saw their set-top box volume shipments smash the 15 million mark, achieving 17.2 million; an increase of almost a third on its 2008 results. The US market was responsible for just under half of the total shipments, whilst new European contracts have been finalised with the likes of Sky Germany and Swedish broadcaster Viasat.
Neil Gaydon, Pace Chief Executive, was understandably upbeat: “Pace remains at the forefront of the biggest changes taking place in digital home entertainment… we are ahead of the market in identifying and investing in new technologies to take advantage of this industry evolution.”
Pace has also confirmed that it will be the first to provide Malaysia with HD, after a deal was struck with ASTRO. Expect nothing but further growth and development from these set-top box giants.
