Monday, March 18, 2013

Coriant Makes its Debut

Coriant, the new optical transport company originating with Nokia Siemens Networks' Optical Networks business unit, is making its public debut at this week's OFC/NFOEC event in Anaheim, California.

In December 2012, Marlin Equity Partners agreed to acquire and privatize the Optical Networks business unit of Nokia Siemens Networks.  The deal is expected to close in the first half of 2013.

Coriant, which will be headquartered in Munich, Germany, said its mission is to bring to market proven 100G/OTN scalability, intelligent control, and extensive automation capabilities with a software defned, end-to-end approach for more agile service creation.

“With plans to help operators manage costs and complexity as optical networks scale, Coriant is expected to enter the market with proven strengths and a compelling vision for agile, end-toend service delivery powered by software-defned intelligence,” said Herbert Merz, designated President and CEO of Coriant. “Coriant will redefne optical networks for the hypergrowth era.”

“We believe in the long-term value that Coriant can bring to its Tier 1 customer base as the optical market crosses an unprecedented infection point and industry dynamics pave the way for a new market leader,” said Patrick DiPietro, Operating Partner, Marlin Equity Partners. “We are tremendously excited to be working with a team recognized for its optical networking expertise and leadership, and we are committed to providing the fnancial strength and resources
necessary to ensure Coriant’s success.”