Advised Latens, a provider of software-based digital TV security solutions, on its sale to Pace
Nov 2010
acquired by
  • Sector: Infrastructure Software & Cybersecurity
  • Deal Type: Strategic Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: <$200m
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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.

– Latens 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 was founded in 2002 and has offices in UK, USA and India

– Pace (LSE:PIC) is the world’s largest developer of digital set-top box technology

– Pace offers a complete range of set-top boxes and personal video recorders alongside whole home solutions and gateway devices for the global pay TV market, working across satellite, cable, IPTV and terrestrial platforms

– Pace was founded in 1982 and is headquartered in Saltaire, UK

– The acquisition allows Pace to integrate Latens software and IP on its set-top boxes, personal video recorders and gateway devices

– Pace will be able to supply complete pay TV platforms for customers who prefer to purchase from a single technology supplier

– Latens’s range of cardless CAS products ensure that the customers will not have the deployment and management costs of card based systems

– Latens received inbound expression of interest due to its unique position as the leading independent provider of conditional access technology and middleware for payTV operators

– Arma was engaged to manage a focused approach with minimum disruption to the business

– Arma contacted key logical buyers and gauged their interest in a short time frame

– Arma participated actively in the process from coordinating due diligence to assisting in the negotiation of deal documentation