{"id":50161,"date":"2024-10-17T15:56:08","date_gmt":"2024-10-17T15:56:08","guid":{"rendered":"https:\/\/nag.com\/?post_type=insights&p=50161"},"modified":"2024-10-17T15:56:32","modified_gmt":"2024-10-17T15:56:32","slug":"n2-group-advances-hpc-ai-portfolio-acquiring-x-iss","status":"publish","type":"insights","link":"https:\/\/nag.com\/insights\/n2-group-advances-hpc-ai-portfolio-acquiring-x-iss\/","title":{"rendered":"n2 Group Advances HPC\/AI Portfolio by Acquiring Managed Services Company X-ISS\u00a0"},"content":{"rendered":"
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Oxford, UK \u2013 17 October 2024: 17:00 BST \u2013 n<\/em>2<\/sup> Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group\u2019s portfolio\u2013 joining n<\/i><\/span>AG, VSNi, BioTeam and STAC\u2014as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.<\/p>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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n<\/em>2<\/sup> Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to\u00a0innovation and business transformation.\u00a0The addition of X-ISS will further strengthen the Group\u2019s already strong HPC\/AI credentials, with n<\/i><\/span>AG, STAC and BioTeam already adding to this space.\u00a0<\/p>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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X-ISS is a pioneer in Managed Services specifically designed for HPC\/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC\/AI systems. The integration of X-ISS into n<\/em>2<\/sup> Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity \u200b\u200bin industry.\u00a0\u00a0<\/p>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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X-ISS will operate as an autonomous business within the n<\/em>2 <\/sup>Group, maintaining its brand, identity and ethos. n<\/em>2<\/sup> Group\u2019s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group\u2019s position and long-term HPC\/AI market impact.\u00a0<\/p>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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\u201cX-ISS strengthens the n<\/em>2<\/sup> community in the strategically important area of HPC\/AI\u201d, said Adrian Scales, Snr Director of Investments and Partnerships at n<\/em>2<\/sup> Group. \u201cAs a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group\u2019s existing HPC professional services capability, and we are delighted to have them on board.\u201d<\/p>\n<\/blockquote>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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\u201cThis is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, \u201cThe partnership with n<\/em>2<\/sup> Group will enable us to enhance our flagship ManagedHPC solution by leveraging n<\/em>2<\/sup>\u2019s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we\u2019re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.\u201d<\/p>\n<\/blockquote>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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About n<\/em>2 <\/sup>Group\u202f\u00a0<\/h4>\n

At n<\/em>2<\/sup>\u202fGroup 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.\u202f\u202f\u202f\u00a0<\/p>\n

n<\/em>2<\/sup>\u202fGroup 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.\u202f\u202f\u00a0<\/p>\n

n<\/em>2<\/sup> Group Companies\u202f\u00a0\u00a0<\/h5>\n