January 10, 2001
Who's News
Deutsche Bank, Compaq, Intel
Buy Stratus Technologies Stake
By a WALL STREET JOURNAL Staff Reporter
Investcorp's Stratus Technologies Inc., a Maynard, Mass., maker of
high-availability computers, is expected to announce Wednesday that its
owner has sold a minority stake for $115 million.
The buyers are Deutsche Bank's DB Capital Partners unit, Compaq
Computer Corp. and Intel Corp.'s Intel Capital investment unit.
Investcorp, based in Bahrain, invests in U.S. and European companies and
real estate. Stratus makes high-powered servers that guarantee 99.999%
availability by using redundant hardware, including Intel microprocessors,
and software.
Analysts say high-availability computing is increasingly important for
companies whose business depends on Internet sites that are always
running and don't have to be shut down for weekly maintenance.
People familiar with the situation said Investcorp had originally expected to
bring Stratus public but dropped that plan last year as the initial public
offering market dried up. |
