4iiii Innovations Acquires STAC Performance
4iiii Innovations Inc. has acquired STAC Performance, creators of the STAC Zero Halcyon Smart Trainer. The acquisition brings together two disruptive companies serving the global sporting community and provides professional and amateur cyclists and triathletes with a ‘perfect’ training trifecta consisting of power measurement, heart rate monitoring and indoor training.
STAC Zero trainer is the world’s quietest bike trainer. Led by avid triathlete, Ironman and mechanical engineer Andrew Buckrell, the company has seen sales of the trainer in over 40 countries since its launch via Kickstarter in 2016. In 2018, the STAC Zero was awarded the EUROBIKE Award for its innovation, design and added value.
“We are happy to welcome STAC to the 4iiii family,” says Kip Fyfe, 4iiii President and CEO. “This extremely talented and creative team is a great fit with our company. I look forward to the big, bold ideas and to the growing portfolio of technologies that will come from this collaboration. We are excited to be expanding the tech footprint in Cochrane, Alberta with this Waterloo, Ontario acquisition.”
Fyfe, globally recognized as a sports and wearables innovator and visionary, has devoted more than 25 years to the high tech and electronics industry. Prior to 4iiii, he was CEO and founder of Dynastream and ANT+ which were sold to Garmin in 2006.
“We have been simply blown away by the market’s response to the STAC Zero since we brought our trainer to market three years ago,” says STAC CEO Andrew Buckrell. “Joining 4iiii feels like the perfect marriage and presents us with a tremendous opportunity to grow.”
The terms of the agreement were not disclosed. The full STAC team will be relocating this summer to 4iiii head-quarters in Cochrane Alberta.
Based in Cochrane, Alberta, Canada, 4iiii has earned a global reputation for technology leadership providing PRECISION, the world’s lightest, most accurate family of powermeters, and Viiiiva, a line of exceptionally versatile and dependable heart rate monitors. 4iiii connects with sports enthusiasts of all types to increase performance, improve athleticism and fun. Visit 4iiii.com to get the latest in sports performance feedback products.
About STAC Performance
The STAC Performance team is a potent combination of engineering, software development, and business talent whose combined efforts led to the creation of the award-winning STAC Zero indoor bike trainer, one of the most exciting new trainers in the past decade.