Pace says its considering acquisitions in the Consumer Premises Equipment (CPE) space.
Pace’s latest set of results have reconfirmed the company as the global number one in media servers, set-top boxes and advanced telco gateways.
Following a relatively flat three-year period, the global STB market managed to achieve the highest annual revenue total in its history in 2013, setting the stage for continued growth through 2015, according to IHS Technology.
Operators are likely to live with the cloud and STB together for a long time, according to Eric Budin, VP, product strategy and incubation, Liberty Global.
Operators rate Arris and Pace top residential gateway vendors, according to a recent survey from Infonetics Research.
Pace CEO Mike Pulli has appointed Jim Henderson as president of Pace International, taking over from Shane McCarthy, who had been in post for a little over two years.
Pace has recorded a 2.6% growth in revenues after increased demand from major customers and new wins in previously untapped markets such as European cable and IPTV.
Pace says that continued momentum across the business means the company is showing “good progress” across the business.
Pace has agreed a major technology agreement with Norwegian IPTV provider Altibox.
Pace has purchased optical transport and access network solutions provider Aurora Networks in a $310 million cash deal.