About Stratus Technologies
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. The founder of Stratus was Bill Foster, who was CEO until Stratus was acquired by Ascend Communications in 1999. Prior to 2022, Stratus Technologies, Inc. was a privately held company, owned solely by Siris Capital Group. The parent company, Stratus Technologies Bermuda Holdings, Ltd., was incorporated in Bermuda. In 2022, the company was acquired by Smart Global Holdings (SGH) and currently operates within SGH's Intelligent Platform Solutions (IPS) business. In October 2024 SGH completed its rebranding and name change to Penguin Solutions
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