Stratus Technologies, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Stratus Technologies, Inc. - overview
Established
1980
Location
Maynard, MA, US
Primary Industry
IT Infrastructure
About
Based in the US, Stratus Technologies, Inc. specializes in high-performance computing and artificial intelligence solutions, providing infrastructure and services that enhance operational efficiency for various industries. Stratus Technologies, Inc. was founded in 1980 in Maynard, US, focusing on computing solutions.
In September 2024, Zibra Group acquired a majority stake in the company. Owen Pagan served as the founder, while Susan Stickley is the current CEO. Stratus has participated in 6 funding deals, with the most recent being a Trade Sale amounting to USD 225. 00 mn, matching the total amount raised.
Stratus Technologies provides high-performance computing (HPC) and artificial intelligence (AI) infrastructure, addressing challenges in sectors such as oil and gas, financial services, healthcare, and education. Their key offerings include the OriginAI infrastructure solution, designed to scale massively, and the ICE ClusterWare management software for AI clusters. Additionally, the Stratus ztC Endurance platform ensures fault tolerance, while Stratus everRun allows for uninterrupted application performance through virtualization. Major clients include Shell and Georgia Tech, with operations in North America, Europe, and Asia.
In 2013, Stratus Technologies reported a revenue of USD 200. 00 mn and an EBITDA of USD 50. 00 mn. The company operates on a B2B model, generating revenue through the sale of advanced computing solutions and managed services, often established through partnerships and subscription models.
Clients engage Stratus for system design, deployment, and management of AI and HPC infrastructures, relying on their expertise for seamless integration and operational efficiency. In September 2024, the acquisition by Zibra Group is expected to support Stratus Technologies in launching new products and services aimed at enhancing their AI and HPC offerings. The company is focused on expanding into international markets, particularly in Europe and Asia, with plans for implementation by 2025. The recent funding will be utilized to bolster product development and enhance market reach, ensuring alignment with the strategic objectives outlined during the acquisition.
Current Investors
Zibra Group, Siris
Primary Industry
IT Infrastructure
Sub Industries
Data Centers, Computer & Related Peripherals, IT Infrastructure, Connectivity Software, Analytics & Performance Software
Website
www.stratus.com/
Verticals
Cloud Computing, IoT (Internet of Things), IoT (Internet of Things)
Company Stage
Mature
Total Amount Raised
Subscriber access only
Stratus Technologies, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Stratus Technologies, Inc. | - | ||||||||
| Merger | Completed | Motus A/S | - | ||||||||
| Trade Sale | Completed | Stratus Technologies, Inc. | - | ||||||||
| Secondary Buyout | Completed | Stratus Technologies, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Marathon Technologies Corporation | - |
Displaying 1 - 5 of 7
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.