Stratus and NEC Ink 10-Year Joint Product Development and Server Supply Agreements; NEC Adds $9 Million to Its Investment in Stratus.MAYNARD, Mass. -- Stratus Technologies Stratus Technologies is a Maynard, Massachusetts based producer of fault tolerant computers. Stratus Technologies is a 1999 spinoff of Stratus Computer founded in 1980. and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation (Nasdaq:NIPNY) (FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. :6701q.l) announced today that they have signed two 10-year agreements establishing a joint product development alliance and a long-term hardware purchasing arrangement. NEC also has committed to increase its equity position in Stratus stratus: see cloud. (Stratus Technologies, Maynard, MA, www.stratus.com) A manufacturer of fault-tolerant computers founded in 1980. It supports both the VOS and FTX Unix operating systems on its XA/R line of i860-based systems. with a $9 million cash investment, reaffirming its commitment to the high-availability server marketplace. Under the joint product development agreement, Stratus and NEC will cross-license technologies, collaborate closely on the development of future fault-tolerant computer servers, and provide core fault-tolerant technology. Drawing upon expertise developed over 25 years, Stratus will provide high-availability software that enables continuous server operation. NEC will have primary responsibility for hardware design and for manufacturing a common hardware platform, which Stratus will purchase from NEC. Each company will add its own features and functionality for its unique marketplace requirements and will sell its own fault-tolerant server brands for Windows and Linux operating environments In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . The first jointly engineered server is expected in late 2006. By sharing R&D expenses with NEC, Stratus expects to reduce costs and headcount, while reallocating investment dollars to software development and enterprise consulting services. "Our agreements with NEC enable us to increase our focus on high-value, high-availability solutions services for the enterprise, increase investments in fault-tolerant software development, and continue providing industry-leading, fault-tolerant servers to customers and partners," said David J David J. Haskins (b. April 24, 1957, in Northampton, England) is a British alternative rock musician. He was the bassist for the seminal gothic rock band Bauhaus. Life and work . Laurello, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Stratus Technologies. "The same core technology we bring to the product-development alliance is also the foundation of our consulting and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to help clients ensure uninterrupted availability of their most important business processes and operations. Stratus' Continuous Processing(R) technology is the linchpin linch·pin or lynch·pin n. 1. A locking pin inserted in the end of a shaft, as in an axle, to prevent a wheel from slipping off. 2. in both our solutions services strategy and our agreement with NEC." The partnership will yield servers designed to support business- and mission-critical operations, such as carrier and enterprise telephony services, funds transfer, securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the , credit card processing, highly regulated manufacturing, E-911 computer-aided dispatch, security, and call centers, to name a few. NEC and Stratus have collaborated on hardware and software engineering projects since 1999, and NEC currently sells Stratus-produced fault-tolerant servers in the U.S. and Japan under the NEC Express brand. "NEC is pleased to invest in and ally with Stratus to pursue our mutual interest in the high-availability server market, which continues to grow in size and importance," said Kazuhiko Kobayashi, executive vice president, NEC. "The unique strengths and capabilities of our two companies will result in excellent products, as well as serve to differentiate our respective approaches to the global marketplace." NEC's investment of $9 million will raise its ownership interest in Stratus to approximately 3 percent. Principal investors in the company include Investcorp, MidOcean Partners, and Intel Capital, as well as the management and employees of Stratus. About NEC Corporation NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electronic devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 4,855 billion yen (approx. $45 billion) in the fiscal year ended March 2005. For additional information, visit the NEC home page at: http://www.nec.com. About Stratus Technologies Building upon 25 years of dedication to Continuous Processing(R) technology, Stratus Technologies is a global leader for services and systems designed to provide customers with complete, continuous-availability solutions for critical computer-based operations. Stratus serves customers in areas such as telecommunications, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , banking, manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , life sciences, public safety, transportation and logistics, and others who require continuous availability for the proper functioning of their businesses. For more information, visit www.stratus.com. (C) 2005 Stratus Technologies Bermuda Ltd. All rights reserved. Stratus is a registered trademark of Stratus Technologies Bermuda Ltd. The Stratus Technologies logo is a trademark of Stratus Technologies Bermuda Ltd. All other marks are the property of their respective owners. |
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