Pace is largest supplier of STBs to pay-TV industry: IMS

MUMBAI: Pace plc, a leading technology developer for the global payTV industry, is ranked as the world‘s largest supplier of set-top boxes to the payTV industry, according to IMS Research.

The ranking is based on the number of digital set-top boxes shipped to pay-TV customers in 2009 worldwide.
"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," the study said.

The set-top-box shipments grew 15.2 per cent year-on-year on a global basis from 2008 to 2009.

Pace has delivered remarkable 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.  
Said Pace CEO Neil Gaydon, "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. It was in the year that Pace built on the successful integration of the Philips set-top box division and this powerful combination went on to deliver substantial organic growth.

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