Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Stratus Technologies history
Stratus Technologies company history timeline
Joining with Gardner C. Hendrie and Robert A. Freiburghouse, who also had experience in the computer industry, Foster formed Stratus Computer in May 1980.
By the end of 1982, sales of Stratus products had reached $5.5 million.
To expand its markets overseas, Stratus Computer GmbH, a computer sales company based in West Germany, was opened in December 1985.
Stratus entered into a strategic marketing alliance with IBM in 1985 which licensed the computer giant to resell its products.
In addition, the company unveiled new software to facilitate communication between IBM personal computers and its fault tolerant machines in August 1986.
By 1986, Stratus' sales had risen to $125 million, an increase of more than 50 percent from the previous year.
By the end of the first three months of 1987, sales to IBM made up 15 percent of the company's revenues.
By the end of the year, Stratus was once again reporting dramatically improved financial results, with revenues of $265.3 million in 1988.
By the end of 1992, sales had risen to $486.3 million.
By the middle of July 1993, Stratus' sales had flattened, and its net income had begun a slight decline.
In September 1993, Stratus made its first purchase: Shared Financial Systems, Inc., a privately owned company based in Dallas, Texas, that made software for credit card authorization and other banking and retail functions.
Rate how well Stratus Technologies lives up to its initial vision.
Stratus Technologies jobs
Do you work at Stratus Technologies?
Is Stratus Technologies' vision a big part of strategic planning?
Stratus Technologies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Citrix | 1989 | $3.2B | 9,000 | 6 |
| VMware | 1998 | $13.4B | 31,000 | 2 |
| HP | 1939 | $53.6B | 53,000 | 323 |
| NetApp | 1992 | $6.3B | 10,500 | 332 |
| IBM | 1911 | $62.8B | 270,000 | 3,859 |
| Intel | 1968 | $53.1B | 121,100 | 335 |
| Pegasus Technologies | 1991 | $910,000 | 2 | - |
| Netezza | 1999 | $190.6M | 469 | - |
| Innovative Interfaces | 1978 | $15.0M | 310 | - |
| Radiant Systems | 1995 | $544.0M | 200 | 3 |
Stratus Technologies history FAQs
Zippia gives an in-depth look into the details of Stratus Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Stratus Technologies. The employee data is based on information from people who have self-reported their past or current employments at Stratus Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Stratus Technologies. The data presented on this page does not represent the view of Stratus Technologies and its employees or that of Zippia.
Stratus Technologies may also be known as or be related to Stratus Technologies, Stratus Technologies Inc and Stratus Technologies, Inc.