Feeds

Pace Micro buys digital TV technology firm

Acquires French-based Xcom Multimedia for up to £22m

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Pace Micro has agreed to acquire digital television technology firm Xcom Multimedia in a mixed cash and equity purchase worth up to £22 million.

Initially, Pace will pay £18.1 million for Xcom including £800 000 in cash, with a subsequent payment based on Xcom's financial performance up until the end of 2002.

French-based Xcom sells digital set-top boxes and has an international client base throughout Europe, the Middle East and Asia.

The acquisition means that Pace will acquire technologies including a low cost digital TV adapter aimed at analogue switch-off, and two new conditional access systems.

The Digital TV Adapter (DTVA) developed by Xcom, delivers free- to-air or encrypted digital television services into non-pay TV homes and to secondary televisions in multi-television households.

Pace expects the deal to enhance its overall earnings in its next financial year.

As previously reported Pace plans to integrate Sega's Dreamcast console into its latest products, whilst Sega itself is planning to phase out Dreamcast as a stand-alone product.

Pace plans to use Dreamcast technology to enhance the TiVo-style digital video recorder it announced last year. The plan is to promote the new, "games-enabled" box to cable and digital TV companies as a way to entice customers to their networks. ®

Related stories

Dreamcast: Bad for the Imagination
RIP Dreamcast: March 2001
Pace demos set-top box with 20 gig hard drive
Sub £200 Internet TV hits the streets

Secure remote control for conventional and virtual desktops

More from The Register

next story
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Google bags OBSCENELY LARGE Times Square ad space for New Year's
Choc Factory pays millions for whacking new digital screen
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
'Cleantech' a dirty word for VCs? RUBBISH!
They just think the current schemes are terrible
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.