Stratus Technologies Inc.

The Chinese automobile market is the fastest-growing in the world, as an ownership boom has boosted the number of cars on that country's roads from about two million in 1992 to more than 20 million in 2013, according to an analysis by Tsinghua University in Beijing. Naturally, that's leading to increased emissions and energy consumption. But it's also requiring a level of automation in traffic infrastructure systems, such as toll booths. And for companies like Stratus Technologies Inc. of Maynard, that's good news.

Maynard-based Stratus Technologies Inc. and Shanghai Hi-tech Control Systems Co. (HITE) are expanding their 10-year partnership, the companies said Wednesday.

Maynard-based software provider Stratus Technologies, Inc., is partnering with Arrow Electronics of Englewood, Colo., to expand its reach through Arrow's network of authorized resellers.

The credit rating for the parent company of Stratus Technologies has improved after the Maynard-based company announced it was being sold to a private equity firm.

Stratus Technologies of Maynard will be acquired by a Manhattan-based private equity firm for $352 million, the company announced Monday.

The credit rating for the parent company of Stratus Technologies was downgraded last week due to concerns that the Maynard-based company's debt position wasn't sustainable in the long term.

Maynard-based Stratus Technologies, which makes systems and software to keep computer applications up and running, commissioned a...