Coriant Looks To Different Areas For Growth
The optical transport specialist Coriant has been on a large period of growth since the 2013 acquisition of a department of Siemens that forms the basis of the Coriant brand. Coriant has looked to establish a company that includes a number of high profile acquisitions since 2013 that has allowed the company to grow into one of the largest in the optical transport industry; amongst the companies parent Marlin Equity Partners added to the Coriant brand has been Tellabs, one of the top players in the technology equipment market Coriant purchased for more than $800 million.
At the end of 2015, Marlin Equity Partners sprang something of a surprise on the industry with the announcement that founding CEO Pat DiPietro was returning to his previous role with Marlin. In his place came Shaygan Kheradpir was appointed as CEO and member of the Coriant board who has spent the majority of the last three decades working in the technology industry; although the plan for DiPietro to stand down at Coriant has always been in place the appointment of Kheradpir was not known about until revealed just prior to his taking over the company. Shaygan Kheradpir brings a wealth of technology based experience to the role of CEO that should see the success of Coriant continue into the future.
Shaygan Kheradpir graduated from Cornell University with a degree in electrical engineering that led him to work with Verizon in developing new technologies. Kheradpir has never stood still in his career and followed his time at Verizon with a move into the financial sector where he became the first technology executive to sit on the board of the financial giant Barclays.
Shaygan Kheradir joins Coriant at a crucial time in its short history, which sees Coriant looking to develop a new range of technology products for its customers in more than 100 countries around the world. Coriant sees the development of new technology as an important aspect of the continued growth of the company, which includes the latest release of a new cloud based storage system.