PIC.L Share News (PIC)

Set-top box maker Pace and TiVo have entered into a global licensing agreement to port TiVo's user interface software to Pace's set-top boxes and gateways. Pace intends to offer implementations for both DVR and advanced gateway set-top boxes globally, with an initial product to be made available to cable operators in the Americas.Pace has licensed TiVo's Hardware Porting Kit and will work with TiVo to build a TiVo-verified platform, Pace said. The joint solution is aimed at offering service providers simplified operational integration and increased speed to market by leveraging Pace's provisioning and device management software capabilities. Pace's shares were up 1.7% at 89.5p before the close on Wednesday.NR