Tellabs and Coriant become one under Marlin Equity Partners

The Marlin Equity Group is making a case as the big fish in the optical market since it has become active in acquiring optical companies. Initially, they made impressive acquisitions of Tellabs and Sycamore Networks (creator of Coriant). The next step has become merging the two companies with a modification in team and leadership. The teams from Coriant and Tellabs have already started working together to plan long-term strategy. However in the short term, customers will hardly notice any changes as a deadline for assimilation has not been determined. One major change has been the formation of new leadership to head the merged companies. Unsurprisingly, many of the newest upper management faces come from Marlin Equity Group. Nevertheless, the new leaders also have a strong background in telecommunications. Pat DiPietro, the new CEO, has executive management experience as well as Research and Development experience in the telecommunications and technology industries. His background has roots in companies such as Nortel and Bell Northern Research. “I am thrilled to be joining an exceptional team of industry professionals and networking leaders at a time of unprecedented market opportunity,” said DiPietro. Herbert Merz will be the new president and COO. Merz is familiar with executive management as he has over 20 years of experience in roles like head of Nokia Siemens Networks Optical Networks Business Unit and a member of the executive board of Nokia Siemens Networks. “We are very excited about the opportunity to increase the immediate and long-term value we can bring to our customers globally,” said Merz. In addition, Bob Leggett, a Marlin Operating Partner, will serve as chairman. He has 30 years of experience in jump-starting networking and startup ventures. Meanwhile, the former CEO of Tellabs, Dan Kelly, will temporarily remain in a consulting role to help the transition run smoothly. Although there are big changes ahead for Tellabs and Coriant, Marlin Equity is optimistic about the possibilities that this merger can bring. The optical industry remains an important part of providing internet and bandwidth. Launch 3 can be your source for Tellab and Sycamore equipment. We are constantly looking to buy or sell optical network equipment. If you are interested, please contact us at 877-878-9134 or email sales@launch3.net .
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