Pace plc (LSE: PIC) is the world's largest developer of payTV set-top boxes for Cable television, Satellite television and IPTV operators.

The firm is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The Company was founded as Pace Micro Technology plc in 1982 and introduced the first low-cost commercially available modems in 1985.

In 1987 it started selling its first analogue satellite set-top receivers.

In 1995, it manufactured the world's first DVB decoders for Australian satellite company Galaxy.

Pace was floated on the London Stock Exchange in 1996.

Source: Wikipedia