Anyone that has been remotely involved in the technology industry knows Coriant. Coriant holds more than 1,800 patents and has more than 35 years of experience delivering tier 1 networking products and services. When Pat DiPietro announced that he was stepping down as CEO of Coriant to return to Marlin Equity very few people were surprised. Marlin Equity is the firm that cobbled Coriant out of, Sycamore Network Solutions, Nokia Siemens, Tellabs, and Networks Optical Networks. DiPietro named Shaygan Kheradpir as the new CEO of Coriant, and very few insiders were surprised when they heard the news.
Shaygan Kheradpir has been working closely with the management of Coriant for some time, so the team knows Kheradpir and how he operates. He is well known in the technology industry thanks to the role he played at GTE and Verizon. He started his career with GTE after receiving his PH.D. from Cornell University. Shaygan joined Verizon when he left GTE. He was named CIO of Verizon. During his tenure at Verizon, he was instrumental in developing systems that Verizon still uses today. When Shaygan left Verizon, he went to Barclay’s and changed the bank’s entire computer system.
Kheradpir and DiPietro have switched positions. DiPietro is now the managing partner at Marlin Equity and Vice-Chairman of the Board of Coriant. Mr. Kheradpir recently said Coriant has operating centers in the United States, Asia and Europe. The company focuses on electric utilities, fixed line and mobile service providers, large corporations, government agencies, submarine network providers and content providers. Coriant now has 500 clients in more than 100 countries.
Shaygan main strength is his ability to help network operators build resilient, flexible and scalable transport networks. Kheradpir believes he can inject new life into Coriant by going the extra step when it comes to building new systems that can handle the increased traffic patterns and new data growth.
The interesting part of this new change in power is there are really no new players. It seems Marlin Equity and Coriant has shuffled their internal deck and expect to get better results because of the changes. Shaygan Kheradpir has his work cut out for him, but he has a lot of experience on the Coriant management team.