A native of Pennsylvania, Stata earned BSEE and MSEE degrees from MIT. In 1965 he founded Analog Devices with MIT classmate Matthew Lorber in Cambridge, Massachusetts. Stata was President of the company from 1971 to 1991 and served as CEO from 1973 to 1996. In 1973, he was named as Chairman of the Board, a role he continues to hold.
Before founding Analog Devices, Stata founded Solid State Instruments, a company which was later acquired by Kollmorgen Corporation's Inland Controls Division.
Besides ADI, Stata is founder of Stata Venture Partners, a venture capital firm in the Boston area that contributes to many Boston area startups like Nexabit Networks, acquired by Lucent for $960M.
As co-founder and the first President of the Massachusetts High Technology Council, Stata advocated that engineering education and university research funding were a shared responsibility of government and industry. He remains a member of the Board of Directors of the MHTC. One educational initiative from the MHTC is the Massachusetts STEM Collaborative, which Stata is co-chairs, that is dedicated to nurturing interest in math and science among students in K through 12 grade levels. Another is the Retired Engineers In Education program which brings scientists and engineers into middle school classrooms to teach math and science.
At the federal level, Stata served on the Executive Committee of the Council on Competitiveness from 1987 to 2005. Stata's service on the Malcolm Baldrige National Quality Award Board of Overseers stemmed from his professional commitment to total quality management. He was also a founder of the Center for Quality of Management in 1989.
A graduate of the Massachusetts Institute of Technology (MIT), Stata is now Chairman of the Visiting Committee of the Department of Electrical Engineering and Computer Science. In 1984 he was elected to MIT's Corporation and today is a member of its Executive Committee. In 1987-1988 he served as President of the MIT Alumni Association.
Ray Stata has a son, Raymie Stata, also an entrepreneur, who graduated from MIT. Raymie, named Yahoo!'s CTO in 2010, founded Stata Labs (acquired by Yahoo! in 2004). Ray also has a daughter, Nicole. Nicole is a prominent member of the Boston startup community, founding Boston Seed Capital, a seed group that invests in many early stage internet startups.
Stata was chosen to be the MIT 2010 Commencement speaker.