NAG, an Oxford, England, UK-based algorithms and supercomputing company, formed the n2 Group – a tech group which will invest in established technology businesses.
n2 Group will develop a portfolio of investments into long-term focused, highly technical, established companies, reinvesting profits back into the group while continuing to fund key parts of the scientific and engineering communities. With no outside financial interests, the model ensures that earnings generated by its constituent businesses is effectively put to work in creating client value, supporting strategic growth, or making an impact in society.
As a key business within the n2 Group, NAG will maintain its established brand name and continue its operations across Energy, Aerospace and Financial Services. NAG’s value-driven approach is now extended by n2Group to a portfolio business, including new companies that share NAG’s mission-based purpose, outlook and values.
Adrian Tate, CEO of n2 Group, said “Small to medium-sized technology companies are the backbone of our economy, but despite delivering value to clients for years, expanding and innovating can be a challenge for them. Leaders of those companies believe in their mission and are often not interested in private equity or venture capital to fund growth. We’ve designed n2 Group to build critical business support that helps our companies develop as autonomous units within a collaborative group.”
NAG provides industry-leading numerical software and technical services to banking and finance, energy, engineering, and market research, as well as academic and government institutions. World-renowned for the NAG Library – the most rigorous and robust collection of numerical algorithms available – NAG also offers Automatic Differentiation, Machine Learning, and Mathematical Optimization products, as well as world-class technical consultancy across HPC and Cloud HPC, and other areas of numerical computing. Founded more than 50 years ago from a multi-university venture, NAG is headquartered in Oxford, UK with offices in the UK, US, EU, and Asia.