December 15th, 2010
PACE, the digital television technology developer, is looking to grow its presence in Asia as it further develops its vision for the 'converged digital home' (CDH) in the payTV market.
And its chief executive has told TheBusinessDesk.com that the group has been pleased with the way its recent acquisitions have been integrated into the company ahead of its annual results for the year ended December 31.
Neil Gaydon said that he had seen "a palpable change" in the business culture of 2Wire, Bewan, Latens and the set-top box business of Royal Philips Electronics (now Pace France) since Pace bought them over the last two years.
But he said Pace's challenge going forward was "to make it all work" as "the world is going to convergence".
"We want to make the acquisitions work and embed them into the Pace culture as it's the foundation of how the company operates," said Mr Gaydon. "We aim to make the acquisitions absorb and assimilate into the business. We're continuing to define and improve our culture and make that happen.
"We see the future as continuing to work with partners and customers as the world goes HD. What drives us is to be the world's best."
The set-top box maker secured bank funding for its £308m acquisition of US broadband firm 2Wire in September and Mr Gaydon said the company was comfortable with its £200m debt position.
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