BWI: Pace Worldwide Market Share Leader in Set-Top-Boxes

Press release from Business Wire India
Source: Pace plc
Thursday, June 24, 2010 02:17 PM IST (08:47 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Education & training, Information technology; Technology
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Pace Worldwide Market Share Leader in Set-Top-Boxes
Worldwide set-top-box shipments grow by 15.2% year-over-year

Bangalore, Karnataka, India, Thursday, June 24, 2010 -- (Business Wire India) -- Pace plc, a leading technology developer for the global payTV industry today announced that market research and consultancy firm IMS Research has ranked Pace as the world's largest supplier of set-top boxes to the payTV industry based on total digital set-top boxes shipped to pay-TV customer in 2009, worldwide.

IMS Research figures, which precede its forthcoming study, "The World Market for Set-top Boxes and iDTVs", show that a major increase in its set-top box sales propelled Pace from third place in 2008 to first in 2009. Pace has delivered incredible growth over the past three years, developing a leadership position by creating and delivering set-top box technology - particularly HD, PVR and hybrid devices - for over 100 of the world's payTV operators. No other set-top box developer has such a broad product and broadcast platform expertise.

According to the study, the set-top-box shipments grew 15.2 percent year-over-year on a global basis from 2008 to 2009.

Neil Gaydon, Chief Executive Officer, Pace said: ""This is an incredible achievement for our company. It is testament to the continuous innovation and focus in delivering on our strategy to lead in converged home entertainment. We have worked very hard to build a customer-centric organisation, working closely with our partners and consistently delivering outstanding, innovative products. Our people and culture are the driving force behind our becoming the world's number one."

2009 was a record year for Pace. The company further increased its revenues and profitability, expanded its global customer base, moved into new markets, developed new technologies and continued to drive efficiencies across the group. In 2009, Pace built on the successful integration of the Philips set-top box division and with this powerful combination went on to deliver substantial organic growth, taking market share in a growing market.

Gaydon continued: "Digital TV continues to evolve at a rapid pace as consumers drive demand for exciting new digital TV services. The Pace team is exceptionally well positioned to capitalise on this opportunity as we continue to bring new and innovative products to market faster than our competitors."

About Pace plc

Pace plc (LSE:PIC) is a leading technology developer for the global payTV industry, working across satellite, cable, IPTV and terrestrial platforms. Pace has one of the world's most experienced specialist engineering teams, developing intelligent and innovative products and services for both payTV operators and retail markets across the world.
Pace employs over 1000 people in locations around the world, including France, the USA, India and China. Pace's international headquarters are in Saltaire, West Yorkshire, UK. For more information on Pace, please visit www.pace.com.

About IMS Research

IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets. The company is supported by headquarters in Wellingborough, UK and offices in Austin, Texas and Shanghai, China. IMS Research regularly publishes detailed research on Consumer Electronics, including digital TV, set-top boxes, and personal digital device markets, among others. www.imsresearch.com


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