04.118.2014 - Siris Capital Group Completes the Acquisition of Stratus Technologies for Approximately $352 million

Hamilton, Bermuda April 28, 2014 - Stratus Technologies, the leading provider of availability solutions, today announced the completion of its acquisition by an affiliate of Siris Capital Group, LLC, in a transaction valued at approximately $352 million. The transaction was initially announced on March 31, 2014."Our new ownership structure will enable us to continue to invest in our existing solutions while accelerating our next-generation software and cloud businesses," said Dave Laurello, President and CEO, Stratus... Source: RealWire - View Press Release