{"id":86590,"date":"2010-07-27T22:20:10","date_gmt":"2010-07-27T14:20:10","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/pace-acquires-u-s-gateway-software-provider\/"},"modified":"2010-07-27T22:20:10","modified_gmt":"2010-07-27T14:20:10","slug":"pace-acquires-u-s-gateway-software-provider","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/pace-acquires-u-s-gateway-software-provider\/","title":{"rendered":"Pace Acquires U.S. Gateway, Software Provider"},"content":{"rendered":"<p>[07-27-10] U.K. satellite broadcast technology developer <strong>Pace<\/strong> has acquired <strong>2Wire<\/strong>, a U.S. provider of advanced residential gateways and associated software and services from co-owners <strong>Alcatel-Lucent, AT&amp;T, Telmex <\/strong>and <strong>Oak Investment Partners<\/strong> for $55 million, the company announced July 26. <br \/>\n&nbsp;&nbsp;&nbsp; \u201cThis acquisition will strengthen our Americas business, extending Pace\u2019s U.S. market coverage with entry into the tier-one telco market. We have built a strong position in the United States with cable and satellite operators, and 2Wire, with its expertise in the broadband residential gateway market, will enable us to address a full range of U.S. operator requirements,\u201d Pace CEO Neil Gaydon said in a statement. <br \/>\n&nbsp;&nbsp;&nbsp; Pace said it intends to finance the acquisition from existing cash resources along with with new bank facilities. The bank facilities are under negotiation and the acquisition is conditional upon final agreement being reached on the terms of these facilities.<br \/>\n&nbsp;&nbsp;&nbsp; Pace has been increasing its capabilities in the IP arena this year. In March, the company acquired<strong> Bewan Systems<\/strong>, a Paris-based IP and cable gateways specialist, for 12.5 million euros ($16.1 million). <br \/>\n&nbsp;&nbsp;&nbsp; Pace also announced its six-month results to the end of June, with revenues increasing 21 percent to 635.2 million British pounds ($979.31 million). Its profits before tax increased 46 percent to 45.4 million pounds ($70 million).<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Pace to Develop Another Set-top Box for MultiChoice<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tJune 11, 2010<br \/>\n[06-11-10] Pace has been  contracted by African DTH operator MultiChoice to develop a  second-generation HD PVR for roll-out across Africa, Pace announced June  10. MultiChoice, with a pay-TV customer base of 2.4 million,  has\u2026<\/p>\n<p><b class=\"titlelink\">Pace Sees Profits Skyrocket; Acquires IP, Cable Specialist<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMarch 3, 2010<br \/>\n[03-03-10] U.K. set-top box  supplier Pace reported a 405 percent increase in its 2009 profits of  69.9 million British pounds ($105 million) compared to 13.8 million  pounds ($20.7 million) in 2008, the company announced in its latest\u2026<\/p>\n<p><b class=\"titlelink\">Pace Makes Pair of Executive Appointments<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tFebruary 15, 2010<br \/>\n[02-12-10] Pace, a technology  supplier to satellite pay-TV sector, has appointed Andrew Networks  general manager of Pace Networks and Shane McCarthy as vice president of  sales, the company announced Feb. 12. Ward previously\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[07-27-10] U.K. satellite broadcast technology developer Pace has acquired 2Wire, a U.S. provider of advanced residential gateways and associated software and services from co-owners Alcatel-Lucent, AT&amp;T, Telmex and Oak Investment Partners for $55 million, the company announced July 26. &nbsp;&nbsp;&nbsp; \u201cThis acquisition will strengthen our Americas business, extending Pace\u2019s U.S. market coverage with entry into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86590","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86590"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86590"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86590\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}