Stratus Tech LLC
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Stratus Tech LLC - overview
Established
2001
Location
-, NJ, US
Primary Industry
Outsourcing
About
Based in New Jersey, US, and co-founded by Jamie Raymond (CEO) and Steve Damen (Partner) in 2001, Stratus Tech LLC operates as a workforce and information technology services company. In March 2023, the firm raised an investment from Stratus Tech LLC. The firm as of March 2023, has over 550 employees worldwide with offices in New Jersey, Florida, US, and Hyderabad, India. The services offered by the firm include professional services on on-demand staffing solutions, Insurance solution through leveraging its Guidewire partnership, application managed services through its AMS (application management services) solution supports system to ensure increased system uptime, faster software delivery, and stable operating environment of the clients.
Other services provided by the firm include a project management office and end-to-end project support, program management from estimation, planning to project definition driven by PMP (project management professional), ITIL (information technology infrastructure library), and analytics DevOps, data, and cloud solutions to define, design, and build transformative solutions for clients. The firm as of March 2023, plans to open 2 new offices in California US and Latin America.
Current Investors
New Heritage Capital
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing, Analytics & Performance Software, Systems Management Software
Website
www.stratustech.com
Verticals
Artificial Intelligence, Cloud Computing, InsureTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Stratus Tech LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | Stratus Tech LLC | - | ||||||||
| Growth | Completed | Stratus Tech LLC | - |
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