Panasas Joins STAC Benchmark Council

Panasas, Inc. has joined the STAC Benchmark Council, a community coordinated by Securities Technology Analysis Center LLC.

The council is comprised of more than 400 financial institutions including large banks, brokerage houses, exchanges, hedge funds, proprietary trading shops, asset managers and vendors.

The council develops technology benchmark standards based on workloads strategically important to financial organizations. Itl also facilitates discussions on important technical challenges and the latest solutions through STAC events, including Global STAC Live May 18-19, 2021, where Panasas will present in the innovation roundup.

“With the continued explosion in large datasets, storage performance continues to be an important focus area for many financial services firms,” said Peter Nabicht, STAC head of strategy. “We look forward to Panasas’ contributions to the ongoing discussion of high-performance storage and seeing them leverage STAC Benchmarks.“

“Joining the STAC Benchmark Council is a testament to our long-term commitment to helping financial services customers address storage challenges as they extract key insights from their data for their financial models,” said Brian Peterson, COO, Panasas. “Working with STAC and the council members will provide innovation solutions that accelerate quantitative analysis and ease storage bottlenecks.“