Pace plc has been named the regional winner of the 2008 annual International Trade Awards in recognition of the firm's innovative and proactive approach to international expansion.
In the past year, Pace plc has set challenging international expansion goals and objectives, rapidly doubling its customer base and increasing the number of countries to which it exports. Furthermore, Pace plc continuously develops innovative technology which is now deployed by over 100 payTV operators worldwide.
Commenting on the win, Helen Kettleborough, Director of Corporate Communications, Pace plc said: "We are delighted that the International Trade Awards has acknowledged our global success. Pace is highly focused on creating product solutions that tackle real-life payTV operator challenges and we are now a global top three player in our market. By understanding our customers' needs, we have the ability to build sustainable relationships and have been able to penetrate new markets and grow our business in countries where we already have a presence."
The International Trade Awards, run in association with HSBC and International Trade Today, celebrate companies in the UK which have excelled in creating innovative import and export opportunities, and have a proven track record in international trading.
Bob Smalley, Senior Corporate Banking Manager, HSBC said: "We're delighted to see Pace plc gaining recognition, as a leading developer of digital TV technologies, for its ability to continuously drive innovative technology throughout the world. Impressively, they have overcome fierce competition to gain entry into the Americas."
Ian Campbell OBE, Editorial Consultant of International Trade Today, who chaired the judges, commented: "Pace impressed the judges with their thoughtful and deliberate business plan whereby they set out to tackle the biggest, and arguably the most difficult global market, North America, with an innovative, high quality but very competitive new product range. They worked out that capturing a significant share of the US market would give them a considerable advantage when it came to tackling the European and UK domestic markets. Their sales and market share shows their forethought paid off."