History
The company's traditional markets have been financial services companies such as banks and stock exchanges. 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 private equity investors Investcorp and MidOcean Partners as well as Intel Capital and NEC.
In the second quarter of 2002, Lucent sold the telecom product lines that originally came from Stratus to Platinum Equity, a buyout firm based in Los Angeles. That unit was eventually named Cemprus LLC. Stratus purchased Cemprus in 2003. It's now a wholly owned subsidiary of Stratus. This acquisition gave Stratus the SS7 signaling software for phone networks and intelligent gateway software so that traditional and IP voice equipment are able to communicate. This software can be used to support higher-level telephony applications such as calling-card and toll free phone number services.
In 2006, Stratus purchased Emergent Network Solutions of Allen, Texas. Stratus sold off Emergent in 2009, and Emergent is now known as Stratus Telecommunications. The two companies are now separate entities. One is not the parent of the other.
On July 16, 2010 as a reverse merger between YMax and VocalTec - all of the Stratus Telecommunications technologies are owned by VocalTec
In 2012, Stratus acquired the assets, products, services, and intellectual property of Marathon Technologies along with its customer base and channel-partner network.
Read more about this topic: Stratus Technologies
Famous quotes containing the word history:
“What is most interesting and valuable in it, however, is not the materials for the history of Pontiac, or Braddock, or the Northwest, which it furnishes; not the annals of the country, but the natural facts, or perennials, which are ever without date. When out of history the truth shall be extracted, it will have shed its dates like withered leaves.”
—Henry David Thoreau (1817–1862)
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“My good friends, this is the second time in our history that there has come back from Germany to Downing Street peace with honour. I believe it is peace for our time. We thank you from the bottom of our hearts. And now I recommend you to go home and sleep quietly in your beds.”
—Neville Chamberlain (1869–1940)