M&A Deal Summary

Pace Acquires Latens Systems

On November 4, 2014, Pace acquired software company Latens Systems for 47M USD

Acquisition Highlights
  • This is Pace’s 1st transaction in the Software sector.
  • This is Pace’s 4th largest (disclosed) transaction.
  • This is Pace’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-11-04
Target Latens Systems
Sector Software
Buyer(s) Pace
Deal Type Add-on Acquisition
Deal Value 47M USD
Advisor(s) Arma Partners (Financial)

Target

Latens Systems

Belfast, United Kingdom
Latens Systems Ltd is a Pay-TV Conditional Access market using software-only cardless based security. Latens is part of the Pace Group of Companies.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Pace

Saltaire, United Kingdom

Category Company
Founded 1982
Sector Technology Hardware
Employees2,300
Revenue 2.4B GBP (2012)
DESCRIPTION

Pace is a provider of technology solutions to the PayTV and Broadband industries. With a broad portfolio of customer premises equipment, network solutions, and software and services, Pace allows service providers to simply and cost-effectively innovate at the speed they want. Pace operates in markets across the world, with locations in the UK, USA, France, India, and China. Pace was formed in 1982 and is based in Saltaire, United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-03 Aurora Networks

Santa Clara, California, United States

Aurora Networks is the only pure-play optical transport solution provider focused solely on cable network operators. The company’s broad array of optical network products and technology includes optical transmitters, node platforms and Ethernet equipment that deliver enhanced services and greater bandwidth to subscribers while reducing the cable operator’s total cost of ownership.

Buy $310M