The Emergence Of Coriant Inc.
The telecommunications company, Coriant, was founded as an independent company in 2013. Coriant is a corporate-leading supplier of driving metro-to-core transport solutions. The company has headquarters in Munich, Naperville, Germany and USA serving customers worldwide. Shaygan Kheradpir runs Coriant as CEO with Robert Leggett as Chairman and PatDipietro as Vice-chairman. Coriant specializes in products involving, Intelligent Network, Management, Integrated Optical Planning Solutions and Packet Optical Transport Solutions. In addition, the company’s products also deal with MSPP Solutions, Edge Routing Solutions, Cross-Connect/TDM Solutions, Optical LAN and Broadband Access. All of the technology used in the company originates from Siemens Optical Networks (NSN ON), Tellabs and Sycamore Networks. The merging of these three companies under Coriant was done by Marlin Equity Partners.
Before the appearance of Coriant, Marlin Equity Partners had invested in the three companies Coriant currently manages as one large company. These three companies, Tellabs, Sycamore Networks and Siemens Optical Networks, were suffering financial losses. Negotiations with Tellabs resulted in Marlin purchasing the firm for $891 million. Sycamore Networks was next invested in for $18.75 million by the company and finally, Nokia Siemens Networks sold optical business to Marlin Equity Partners as well. With the joining of all three of these companies under Coriant, the business is better prepared for handling potential issues and has over 3000 employees working in the industry.
Coriant’s New CEO Shaygan Kheradpir
Shaygan Kheradpir was born in London, however, he grew up in Iran. Mr. Kheradpir moved to the United states to attend Cornell University to earn his bachelor’s, master’s and doctoral degree in electrical engineering. His first job was at GTE Laboratories in 1987 where he worked in network routing, management and control. Eventually, Shaygan became chief information officer at GTE Industry and gained a reputation for delivering new products on schedule. During 200, GTE collaborated and joined with Bell Alantic forming Verizon Communications. Shaygan Kheradpir began serving as president of Verizon’s e-business section later becoming the first CIO/CTO of the company.
Kheradpir expanded Verizon’s range of telecommunications services along with the automation of operations. He continued to show his expertise when Shaygan joined Barclays in January 2011 as the Chief Operating Officer of Global Retail and Business Bank. Shaygan Kheradpir was later promoted in March 2013 as Chief Operations and Technology Officer. Kheradpir joined Coriant, the private equity firm, where later on September 28, 2013 he was appointed CEO taking over from Pat Dipietro who took the position of vice-chairman.