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HAMILTON, BERMUDA -- (Marketwire) -- 10/11/12 -- Stratus Technologies Bermuda Holdings Ltd. (together with its consolidated subsidiaries, "Stratus" or the "Company") a global provider of uptime assurance, today announced the results for its second quarter and fiscal year-to-date period ended August 26, 2012.

For the second quarter ended August 26, 2012, total revenue was $52.5 million, an increase of $1.8 million or 3.6% as compared to the $50.7 million in the second quarter ended August 28, 2011. Profit from operations was $10.9 million compared to $8.8 million for the same period last year. The net loss was $4.3 million compared to $6.3 million for the same period last year. Net loss for the quarter-to-date periods ended August 26, 2012 and August 28, 2011 includes a net loss on extinguishment of debt of $0.9 million and $1.2 million, respectively. The Company reported Adjusted EBITDA, a non-GAAP financial measure, of $13.1 million compared to $11.5 million for the same period last year. Please refer to the reconciliation of Adjusted EBITDA to Generally Accepted Accounting Principles ("GAAP") financial measures in the attached, unaudited "Consolidated Statements of Operations."

For the year-to-date period ended August 26, 2012, total revenue was $105.1 million, an increase of $4.8 million or 4.8% as compared to the $100.3 million in the year-to-date period ended August 28, 2011. Profit from operations was $21.2 million compared to $15.8 million for the same period last year. Profit from operations for the year-to-date period ended August 26, 2012 and August 28, 2011 includes a net loss on extinguishment of debt of $0.9 million and $1.2 million, respectively. The net loss was $7.6 million compared to $12.2 million for the same period last year. The Company reported Adjusted EBITDA, a non-GAAP financial measure, of $26.5 million compared to $21.4 million for the same period last year. Please refer to the reconciliation of Adjusted EBITDA to GAAP financial measures in the attached, unaudited "Consolidated Statements of Operations."

Second Quarter Results Conference Call
A conference call to review second quarter financial results will be held today, October 11, 2012 at 1:30 p.m. Eastern Time and may be accessed by calling 1-800-762-8779 (U.S. only) or 1-480-629-9645 with a conference ID of 4568919. A recording of this conference call will be available at 1-800-406-7325 (U.S. only) or 1-303-590-3030 with a conference ID of 4568919 for 30 days.

About Stratus
Stratus delivers uptime assurance for the applications its customers depend on most for their success. With its resilient software and hardware technologies, together with proactive availability monitoring and management, Stratus products help to save lives and to protect the business and reputations of companies, institutions, and governments the world over. To learn more about worry-free computing, visit www.stratus.com.

Forward-Looking Statements: This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). You are cautioned that such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements. Such risks and uncertainties include, but are not limited to: the continued acceptance of the Company's products by the market; the Company's ability to enter into new service agreements and to retain customers under existing service contracts; the Company's ability to source quality components and key technologies without interruption and at acceptable prices; the Company's ability to comply with certain covenants in the governing documents for the Company's credit facilities and other debt instruments; the Company's ability to refinance indebtedness when required; the Company's reliance on sole source manufacturers and suppliers; the presence of existing competitors and the emergence of new competitors; the Company's financial condition and liquidity and the Company's leverage and debt service obligations; economic conditions globally and in the Company's most important markets; developments in the fault-tolerant and high-availability server markets; claims by third parties that the Company infringes upon their intellectual property rights; the Company's success in adequately protecting its intellectual property rights; the Company's success in maintaining efficient manufacturing and logistics operations; the Company's ability to recruit, retain and develop appropriately skilled employees; exposure for systems and service failures; fluctuations in foreign currency exchange rates; fluctuations in interest rates; current risks of terrorist activity and acts of war; the impact of changing tax laws; the impact of changes in policies, laws, regulations or practices of foreign governments on the Company's international operations; and the impact of natural or man-made disasters. Any forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no duty to further update such forward-looking statements.

© 2012 Stratus Technologies Bermuda Ltd. All rights reserved.

Stratus® is a trademark or registered trademark of ours. All other trade names, service marks and trademarks appearing in this annual report are the property of their respective holders. Our use or display of other parties' trade names, service marks or trademarks is not intended to and does not imply a relationship with, or endorsement or sponsorship of us by, the trade name, service mark or trademark owners.

                                                                  Exhibit 1

                 STRATUS TECHNOLOGIES BERMUDA HOLDINGS LTD.
                  CONSOLIDATED BALANCE SHEETS (Unaudited)

                                                 August 26,    February 26,
                                                    2012           2012
                                               -------------  -------------
                                                  (Dollars in thousands,
                                                  except per share data)

                                   ASSETS

Current assets:
Cash and cash equivalents                      $      24,425  $      27,510
Accounts receivable, net of allowance for
 doubtful accounts of $382 and $160,
 respectively                                         36,515         37,066
Inventory                                              6,841          7,884
Deferred income taxes                                  1,611          1,613
Prepaid expenses and other current assets              4,905          4,454
                                               -------------  -------------
Total current assets                                  74,297         78,527

Property and equipment, net                           10,788         10,490
Intangible assets, net                                 3,228          3,024
Goodwill                                              10,297          9,591
Deferred income taxes                                 11,049         11,484
Deferred financing fees                                7,737          9,216
Other assets                                           2,450          2,810
                                               -------------  -------------
Total assets                                   $     119,846  $     125,142
                                               =============  =============

  LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, REDEEMABLE ORDINARY
                      STOCK, AND STOCKHOLDERS' DEFICIT

Current liabilities:
Current portion of long-term debt              $       5,000  $       5,000
Accounts payable                                       8,294          7,853
Accrued expenses                                      11,724         12,829
Accrued interest payable                               9,403          9,608
Income taxes payable                                     462            103
Deferred income taxes                                  1,075          1,075
Deferred revenue                                      34,633         35,428
                                               -------------  -------------
Total current liabilities                             70,591         71,896

Long-term debt, net of discount                      264,431        260,405
Embedded derivatives                                  25,980         25,884
Long-term deferred income taxes                          232            232
Deferred revenue and other long-term
 liabilities                                          15,891         15,847
                                               -------------  -------------
Total liabilities                                    377,125        374,264
                                               -------------  -------------

Redeemable convertible preferred stock and redeemable
 ordinary stock:
Series A: 7,000 shares authorized; and 6,561
 shares issued and outstanding at August 26,
 2012 and February 26, 2012                          113,557        109,189
Series B: 20,524 shares authorized; 3,532
 shares issued and outstanding at August 26,
 2012 and February 26, 2012                           61,127         58,776
Right to shares of Series B redeemable
 convertible preferred stock                           5,518          5,518
Ordinary shares subject to puts, 787 shares
 issued and outstanding at August 26, 2012 and
 February 26, 2012                                     1,181          1,181
                                               -------------  -------------
Total redeemable convertible preferred stock
 and redeemable ordinary stock                       181,383        174,664
                                               -------------  -------------

Stockholders' deficit:
Ordinary stock, $0.5801 par value, 181,003
 shares authorized; 28,025 shares issued and
 outstanding at August 26, 2012 and February
 26, 2012, respectively                               16,257         16,257
Series A ordinary stock: $0.5801 par value,
 7,678 shares authorized; 0 shares issued and
 outstanding at August 26, 2012 and February
 26, 2012, respectively                                    -              -
Series B ordinary stock: $0.5801 par value,
 90,115 shares authorized; 15,512 shares
 issued and outstanding at August 26, 2012 and
 February 26, 2012, respectively                       8,998          8,998
Additional paid-in-capital                                 -              -
Accumulated deficit                                 (464,492)      (450,306)
Accumulated other comprehensive gain                     575          1,265
                                               -------------  -------------
Total stockholders' deficit                         (438,662)      (423,786)
                                               -------------  -------------

Total liabilities, redeemable convertible
 preferred stock and redeemable ordinary
 stock, and stockholders' deficit              $     119,846  $     125,142
                                               =============  =============


                 STRATUS TECHNOLOGIES BERMUDA HOLDINGS LTD.
             CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

                                                      13 Weeks Ended
                                               ----------------------------
                                                 August 26,     August 28,
                                                    2012           2011
                                               -------------  -------------
                                                  (Dollars in thousands)
REVENUE
Product                                        $      19,832  $      17,347
Service                                               32,716         33,356
                                               -------------  -------------
Total revenue                                         52,548         50,703
                                               -------------  -------------

COST OF REVENUE
Product                                                8,454          7,635
Service                                               13,618         14,331
                                               -------------  -------------
Total cost of revenue                                 22,072         21,966
                                               -------------  -------------

Gross profit                                          30,476         28,737

OPERATING EXPENSES
Research and development                               6,217          6,930
Sales and marketing                                    7,859          7,459
General and administrative                             5,183          5,246
Restructuring charges                                     43              -
Management fees                                          300            300
                                               -------------  -------------
Total operating expenses                              19,602         19,935
                                               -------------  -------------

Profit from operations                                10,874          8,802
Interest income                                            4              5
Interest expense                                     (12,399)       (11,969)
Loss on extinguishment of debt                          (939)        (1,222)
Loss on change in fair value for embedded
 derivatives                                            (534)        (1,326)
Other expense, net                                      (394)          (306)
                                               -------------  -------------
Loss before income taxes                              (3,388)        (6,016)
Income taxes                                             898            309
                                               -------------  -------------

Net loss                                       $      (4,286) $      (6,325)
                                               =============  =============


EBITDA TABLE:
Net loss                                       $      (4,286) $      (6,325)
Add:
Interest expense, net                                 12,395         11,964
Income taxes                                             898            309
Depreciation and amortization                          1,703          1,939
                                               -------------  -------------
EBITDA                                                10,710          7,887
                                               -------------  -------------

Add
Restructuring (a)                                         43              -
Stock-based compensation expense (b)                      61             81
Management fees (c)                                      300            300
Reserves (d)                                             126            160
Loss on extinguishment of debt (e)                       939          1,222
Loss on net change in fair value for embedded
 derivatives (f)                                         534          1,326
Other expense, net (g)                                   435            511
                                               -------------  -------------
Total adjustments                                      2,438          3,600
                                               -------------  -------------
Adjusted EBITDA (1)                            $      13,148  $      11,487
                                               =============  =============


                 STRATUS TECHNOLOGIES BERMUDA HOLDINGS LTD.
             CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

                                                      26 Weeks Ended
                                               ----------------------------
                                                 August 26,     August 28,
                                                    2012           2011
                                               -------------  -------------
                                                  (Dollars in thousands)
REVENUE
Product                                        $      39,396  $      34,236
Service                                               65,717         66,033
                                               -------------  -------------
Total revenue                                        105,113        100,269
                                               -------------  -------------

COST OF REVENUE
Product                                               15,754         15,123
Service                                               28,276         28,240
                                               -------------  -------------
Total cost of revenue                                 44,030         43,363
                                               -------------  -------------

Gross profit                                          61,083         56,906

OPERATING EXPENSES
Research and development                              12,823         14,276
Sales and marketing                                   15,968         15,245
General and administrative                            10,416         11,000
Restructuring charges                                     77              -
Management fees                                          600            600
                                               -------------  -------------
Total operating expenses                              39,884         41,121
                                               -------------  -------------

Profit from operations                                21,199         15,785
Interest income                                           10             11
Interest expense                                     (24,926)       (24,154)
Loss on extinguishment of debt                          (939)        (1,222)
Loss on change in fair value for embedded
 derivatives                                            (825)        (1,663)
Other expense, net                                      (385)          (352)
                                               -------------  -------------
Loss before income taxes                              (5,866)       (11,595)
Income taxes                                           1,702            625
                                               -------------  -------------

Net loss                                       $      (7,568) $     (12,220)
                                               =============  =============


EBITDA TABLE:
Net loss                                       $      (7,568) $     (12,220)
Add:
Interest expense, net                                 24,916         24,143
Income taxes                                           1,702            625
Depreciation and amortization                          3,426          3,917
                                               -------------  -------------
EBITDA                                                22,476         16,465
                                               -------------  -------------

Add
Restructuring (a)                                         77              -
Stock-based compensation expense (b)                     102            174
Management fees (c)                                      600            600
Reserves (d)                                             195            439
Loss on extinguishment of debt (e)                       939          1,222
Loss on net change in fair value for embedded
 derivatives (f)                                         825          1,663
Other expense, net (g)                                 1,284            885
                                               -------------  -------------
Total adjustments                                      4,022          4,983
                                               -------------  -------------
Adjusted EBITDA (1)                            $      26,498  $      21,448
                                               =============  =============

1) EBITDA represents income (loss) before interest, taxes, depreciation and amortization. We present EBITDA because we consider it an important supplemental measure of our performance and believe it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. In addition to other applications, EBITDA is used by us and others in our industry to evaluate and price potential acquisition candidates.

Adjusted EBITDA represents EBITDA with certain additional adjustments, as calculated pursuant to the requirements of the interest maintenance covenant under our Revolving Credit Facility. We present Adjusted EBITDA because we believe that it allows investors to assess our ability to meet the interest maintenance covenant under our Revolving Credit Facility.

Our management also uses Adjusted EBITDA internally as a basis upon which to assess our operating performance, and Adjusted EBITDA is also a factor in the evaluation of the performance of our management in determining compensation. In evaluating Adjusted EBITDA, you should be aware that in the future we may incur expenses similar to the adjustments in this presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of our results as reported under Generally Accepted Accounting Principles ("GAAP'). Some of these limitations are:

• EBITDA and Adjusted EBITDA do not reflect our cash expenditures, or future requirements for capital expenditures, or contractual commitments;
  
  
• EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, our working capital needs;
  
  
• EBITDA and Adjusted EBITDA do not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts;
  
  
• Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements;
  
  
• EBITDA and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations; and
  
  
• Other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.
  
  

Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA only supplementally, as described above.

(a) In order to better align expenses with anticipated revenues, we implemented restructuring programs in prior years. These programs were designed to streamline our business model and centralize certain functions. The expense for the quarter-to-date fiscal period ended August 26, 2012 reflects changes to prior estimates of these liabilities as well as a restructuring charge of $0.1 million related to severance and fringe benefits.

(b) In the quarter-to-date and year-to-date fiscal periods ended August 26, 2012 and August 28, 2011, we recorded non-cash stock-based compensation expense charges related to share-based awards to employees.

(c) On April 30, 2010 we entered into a four year advisory and strategic planning agreement with an investment banking firm. The yearly fee is $0.5 million.

On October 1, 2005, we entered into an Agreement for Management, Advisory, Strategic Planning and Consulting Services with Investcorp International, Inc., an affiliate of the Investcorp Group, and MidOcean US Advisor, LP, an affiliate of MidOcean, for an aggregate yearly fee of $0.7 million which renews on an annual basis. The payment of the yearly fee is restricted in the Senior Secured Notes and in the Second Lien Credit Facility until these credit facilities are paid in full.

The long-term accrued liability related to this yearly fee totaled $3.4 million and $3.1 million at August 26, 2012 and February 26, 2012, respectively.

(d) In the quarter-to-date and year-to-date fiscal periods ended August 26, 2012 and August 28, 2011, we recorded non-cash inventory write-downs.

(e) In the quarter-to-date and year-to-date fiscal period ended August 26, 2012 and August 28, 2011 we recorded a loss on extinguishment of debt related to the Excess Cash Flow payment in the fiscal second quarter 2013 and 2012 related to the Senior Secured Notes. The loss in each period is due to a premium, the write off of a pro rata portion of deferred financing fees along with debt discount and related fees offset by the reduction in the value ascribed to the Excess Cash Flow embedded derivative liability.

(f) In the quarter-to-date and year-to-date fiscal periods ended August 26, 2012 and August 28, 2011, we recorded losses due to the change in fair value of the embedded derivatives related to the Senior Secured Notes.

(g) In the quarter-to-date fiscal period ended August 26, 2012 we recorded other expense, net of $0.4 million, primarily consisting of $0.2 million of miscellaneous and non-recurring charges, $0.1 of million bank fees and $0.1 million of net foreign currency losses.

In the year-to-date fiscal period ended August 26, 2012 we recorded other expense, net of $1.3 million, primarily consisting of $1.0 million of miscellaneous and non-recurring charges and $0.3 of million bank fees.

In the quarter-to-date fiscal period ended August 28, 2011, we recorded other expense, net of $0.5 million, primarily consisting of $0.1 million bank fees, $0.3 million of net foreign currency losses and $0.1 million of miscellaneous and non-recurring income.

In the year-to-date fiscal period ended August 28, 2011 we recorded other expense, net of $0.9 million, primarily consisting of $0.2 million of miscellaneous and non-recurring charges, $0.3 million of public filing registration costs, $0.3 of million bank fees and $0.1 million of net foreign currency losses.

                 STRATUS TECHNOLOGIES BERMUDA HOLDINGS LTD.
             CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

                                                      26 Weeks Ended
                                               ----------------------------
                                                 August 26,     August 28,
                                                    2012           2011
                                               -------------  -------------
                                                  (Dollars in thousands)
OPERATING ACTIVITIES
Cash flows provided by operating activities:
Net loss                                       $      (7,568) $     (12,220)
Adjustments to reconcile net loss to net cash
 provided by operating activities:
  Depreciation and amortization                        3,426          3,917
  Amortization of deferred financing costs and
   debt discount                                       5,747          5,143
  Stock-based compensation                               102            174
  Provision for doubtful accounts                         14            122
  Inventory provision                                    195            439
  Loss on extinguishment of debt                         939          1,222
  Premium on excess cash flow payment                   (999)          (999)
  Loss on change in fair value of embedded
   derivatives                                           825          1,663
  Loss on sale of asset                                   31              -
  Loss on retirement of property and equipment            31              -
  Interest payable-in-kind                             4,209          3,847
Changes in assets and liabilities
  Accounts receivable                                    263          1,265
  Inventory                                              270           (562)
  Prepaid expenses and other current assets             (499)          (346)
  Accounts payable                                       501            323
  Accrued expenses                                      (758)        (1,819)
  Accrued interest payable                              (205)          (120)
  Income taxes payable                                   349            (71)
  Deferred revenue                                    (1,430)           497
  Other long-term assets and liabilities               1,044            741
                                               -------------  -------------
Net cash provided by operating activities              6,487          3,216
                                               -------------  -------------

INVESTING ACTIVITIES
Cash flows used in investing activities:
  Acquisition of property and equipment               (2,944)        (1,787)
  Acquisition of business                             (1,175)             -
  Acquisition of other long-term assets                  (56)           (40)
                                               -------------  -------------
Net cash used in investing activities                 (4,175)        (1,827)
                                               -------------  -------------

FINANCING ACTIVITIES
Cash flows used in financing activities:
  Payments on long-term debt                          (4,995)        (4,997)
  Payment of debt and equity issuance fees                 -           (308)
                                               -------------  -------------
Net cash used in financing activities                 (4,995)        (5,305)
                                               -------------  -------------
Effect of exchange rate changes on cash                 (402)           557
                                               -------------  -------------
Net decrease in cash and cash equivalents             (3,085)        (3,359)
Cash and cash equivalents at beginning of
 period                                               27,510         28,100
                                               -------------  -------------
Cash and cash equivalents at end of period     $      24,425  $      24,741
                                               =============  =============