Intel and Compaq have joined together to make a $115 million investment in Stratus Technologies, the fault-tolerant server manufacturer.

And in an associated licence agreement, the two companies will get their mitts on some technology owned by Stratus that purports to guarantee 100 per cent availability for Windows 2000 servers.

The third investor in this round is DB Capital Partners which is pumping in $50m. The respective splits for Compaq and Intel have not been disclosed.

Also, it's not clear how much if any of this money is coming Stratus' way. The transaction is a 'preferred stock purchase' from existing shareholders in the privately-held company. ®