Stratus Computer
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Stratus Technologies, Inc. is a major producer of fault tolerant computer servers and software. The company was founded in 1980 as Stratus Computer, Inc. in Natick, Massachusetts, and adopted its present name in 1999. The current CEO and president is Dave Laurello. Stratus Technologies, Inc. is a privately held company, owned solely by Siris Capital Group. The parent company, Stratus Technologies Bermuda Holdings, Ltd., is incorporated in Bermuda.
Stratus Computer was a Marlborough, Massachusetts, based producer of fault tolerant minicomputers. It competed with computers from Tandem Computers and to a lesser extent Digital Equipment Corporation's VAX.
Starting in 1983, its computers were resold worldwide by Olivetti under CPS/32 brand. Then, from 1985 to 1993, its computers were resold by IBM under the IBM System/88 brand. The company is now based in Maynard, Massachusetts.
The company's traditional markets have been financial services companies such as banks and . Beginning in the 1990s, the company moved into the telecommunications industry, particularly in the area of network management and custom services, with the result that its telecommunications revenues surpassed those from enterprise computing. This led to a buyout of the company by Ascend Communications in 1998 (later acquired by Lucent Technologies).
The enterprise server portion of the business was of little interest to Ascend and that portion was spun off in a management buyout in 1999, with funding from international investment firm, Investcorp. The company was named Stratus Technologies, Inc.
Now privately held, Stratus Technologies, Inc. is owned by Siris Capital Group which acquired the company on April 28, 2014.
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