The Strategic Technology Analysis Center (STAC) announced it has been acquired by n2 Group, the parent company of NAG and VSNi. Financial details were not disclosed.
n2 Group selectively invests in advanced and scientific computing companies that have a significant impact across various sectors. They provide operational support and central services to drive innovation and strategic advancement in n2 businesses.
STAC will continue to operate as an independent business within n2 Group. STAC founder Peter Lankford will take a new role as strategic advisor to STAC, and the entire team will remain in place, including CEO Jack Gidding.
“n2 is a member-backed organization with no external financial interests, meaning that, like NAG, STAC will remain impartial and independent on matters of technology,” Lankfor wrote in the announcement.
This acquisition aligns with a period of significant innovation in technologies crucial to low latency trading, big compute, big data, artificial intelligence, machine learning and cloud services.
Jem Davies, chair of n2, said in a statement: “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, said in a statement: “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, said in a statement: “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.”
Jack Gidding, CEO of STAC, said in a statement: “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.”