OXFORD, England, July 24, 2024 /PRNewswire/ --
n2 Group, the parent company of NAG, has
completed the acquisition of STAC, the world-leading financial
technology performance specialists. STAC joins NAG and VSNi in the
growing community of n2 Group companies dedicated
to advancing computation through collective innovation, technical
excellence and long-term strategic growth.
n2 Group invests selectively in advanced and
scientific computing companies with deep operational impact in a
variety of sectors, providing operational support and central
services to support innovation and strategic advancement of the
group businesses.
STAC insights empower the finance sector to achieve faster,
smarter, and more efficient solutions. Their integration into the
n2 Group solidifies the commitment of
n2 to improving performance and robustness of
computing solutions for the financial services community. STAC will
operate as an independent business within n2,
maintaining its brand, identity and ethos.
n2 Group's status as an independent,
member backed organisation with no external financial stakeholders
has enabled NAG to provide trusted solutions to FSI for decades. As
such, STAC will maintain its impartial, neutral status while
benefiting from the strong technical and research community that
NAG, VSNi and further acquired business can provide.
Jem Davies, Chair of n2 Group, said "The
acquisition of STAC is a great milestone in our committed long-term
strategy of expanding and strengthening the group."
Adrian Tate, CEO of
n2 Group added "I am delighted to welcome
STAC, an unparalleled resource for the finance industry, to the
n2 Group. Countless businesses trust STAC for its
independent technology assessments using community-developed
benchmark standards and use STAC's events as the primary place to
discuss strategic technology. n2 Group will
preserve STAC's unique position while strengthening and
accelerating the value that it delivers to its community and other
n2 Group clients."
Peter Lankford, Founder of STAC:
"n2 Group's technical and algorithmic
expertise, together with its deep research roots and community
orientation make it uniquely qualified to help STAC grow further
while protecting its independence. I look forward to helping STAC
and n2 Group make the most of the synergies
in the months ahead."
Jack Gidding, CEO of STAC: "The
acquisition by n2 Group comes at an exciting
time of innovation in technologies important to low-latency
trading, big compute, big data, and increasingly sophisticated
AI/ML and cloud services. Joining forces with
n2 Group will enable STAC to expand the
information, tools, and services that our subscribers can leverage
in strategic areas of their businesses."
About n2 Group
At n2 Group we are transforming computing
and technology investment with a radical new approach. Our
businesses are all established, purpose-driven market-leaders in
computing products or services. We stimulate long-term sustainable
growth through group-level support in strategy, business
development, innovation and operations. With no shareholders or
external financial interests, we reinvest all profits back into the
group or to the community, reinforcing our commitment to positive
social impact through technological advancements.
n2 Group companies are at the forefront
of computing and IT infrastructure, helping clients in various
sectors to be more productive, innovative or reduce risk through
advanced software and services. Rapidly expanding in
high-performance computing, artificial intelligence, and scientific
computing, our businesses maintain their unique brands and
identities, but benefit from the expanded network available through
the group.
n2 Group Companies
- NAG: Advanced products and services in algorithms,
optimization, high-performance computing and AI.
- STAC: Independent financial services technology research and
community events.
- VSNi: Proven statistical solutions and data expertise driving
innovation and success.
For more detailed information and the latest updates, visit n2
Group. Media enquiries email pr@n2grp.com.
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