Grace's Guide

British Industrial History

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Pace

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Pace plc of Saltaire, Yorkshire, develops set-top boxes (STBs), advanced residential gateways, software and services for the pay-TV and broadband services industry.

1982 The company was founded as Pace Micro Technology by Yorkshire born businessmen Barry Rubery and David Hood

1985 Introduced the first low-cost commercially available modems

1987 Commenced selling its first analogue satellite set-top receivers.

1995 Manufactured the world's first DVB decoders for Australian satellite company Galaxy.

1996 Pace was floated on the London Stock Exchange

1998 The company started shipping digital satellite television equipment for BSkyB.

1999 Pace purchased the set-top box division of Acorn Computers and converted it into its Cambridge office.

In the following years Pace owned the GUI RISC OS, and used technologies based on it in its decoder equipment.

2000 Commenced delivering products to Comcast in the United States; the company also delivers to AT&T and DirecTV.

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.

2002 Pace became the first company to market free-to-view personal video recorders (PVRs).

2003 The Cambridge office was closed

2005 Pace in conjunction with Australian subscription television provider Foxtel launched the first DVB-C PVR.

2006 Neil Gaydon became CEO, taking over from John Dyson, and Mike McTighe became the chairman, taking over from Sir Michael Bett.

2008 Acquired the 'Set-Top Box and Connectivity Solutions' division of Royal Philips Electronics, approximately doubling the size of the company.

2008 May. Changed its name from Pace Micro Technology plc to Pace plc.

2010 Acquired US home networking equipment maker 2Wire, an IP and Cable specialist, Bewan Systems SA and pay-TV software specialist, Latens Systems.

2011 June. Allan Leighton became chairman.

2011 December. Neil Gaydon was replaced as CEO by Mike Pulli, formerly president of Pace Americas.

2012 Pace sold its 100 millionth digital set-top box.

2014 January. Acquired of Aurora Networks, a developer and manufacturer of advanced, next-generation optical transport and access network solutions for broadband networks.

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