About Stratus Technologies, Inc.
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
Change in Company Type
Siris Capital Group bought Stratus for $532 million in 2014. Stratus expected investment from Siris to accelerate development of its software and cloud businesses.
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.
Stratus has partnerships with significant technology companies such as
Founded in 1980, the company was acquired by
5 MILL & MAIN PLACE STE 500
Maynard, MA 01754
Phone: 1 (978) 461-7000
Employer Type: Privately Owned
CFO: Christina Clohecy
Chairman, President, and CEO: David C. Laurello
VP, Information Technology: Tony Murphy
Employees (This Location): 750
Employees (All Locations): 972