There's nothing cloudy about this company's goal: continuous availability. Stratus Technologies makes fault-tolerant servers that can be configured with its proprietary Avance High Availability software. Its systems are sold under the ftServer, V Series, and Continuum brands. Stratus offers product support and managed service programs covering continuous availability and recovery. The company's products are used by banks and other financial services providers; it also serves the government, health care, and manufacturing markets, among others. Customers have included Pitney Bowes, KapStone Paper and Packaging, and Isuzu Motors. More than half of Stratus' sales come from outside the US.
Stratus touts its remote monitoring and management services as being crucial to its ability to reinvent itself as more than a hardware company. Stratus developed the lower-cost ftServer system in order to transition away from its legacy (and high cost) V Series and Continuum systems. The addition of software that runs on non-Stratus servers gives the company access to the small business market, as well.
To widen its product portfolio Stratus in 2012 purchased Marathon Technologies Corporation, a provider of server software. The deal gave Stratus access to the Marathon everRun and everRun MX brand of software, which supports Microsoft applications.
Also in 2012 Stratus expanded its operations in Russia and the Commonwealth of Independent States (CIS). Entering into a trademark license agreement with its master reseller STR LLC, Stratus has partnered with STR to supply and support its portfolio of management and monitoring services. As one of the BRIC economies, Russia is broadly acknowledged as being in a state of advanced economic growth.
Stratus opened an office in Dubai in 2011 to gain a foothold in a region poised for significant growth, particularly in the manufacturing and electronic payment processing sectors. In the past two years, the company has also opened offices in India and South Korea.
Founded in 1980, the company was acquired by Ascend Communications in 1998. Stratus management and investment firm Investcorp bought Stratus' enterprise computing division in 1999, the year Lucent Technologies acquired Ascend. Stratus is now owned by Investcorp, Intel Capital, MidOcean Partners, and NEC.
▲ Show Less▼ Show Full Description