Advised Latens, a provider of software-based digital TV security solutions, on its sale to Pace
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Latens Systems Ltd (“Latens”) on its sale to Pace plc (LSE:PIC) (“Pace”). The transaction is valued at £28.75 million.
Founded in 2002 and headquartered in Belfast, Latens (www.latens.com) is a world leader in payTV software security and enhanced TV services. Latens provides a range of solutions in next generation software Conditional Access (CAS) and Middleware (ECO) for all types and sizes of payTV operators including cable, IPTV, DTH, DTT and mobile. Latens has offices in the UK, USA and India.
Latens’s range of cardless CAS ensures its customers will not incur the deployment and management costs of card based systems. The transaction brings an important partner for Latens. Pace is a leading technology developer for the global payTV market, working across satellite, cable, IPTV and terrestrial platforms.