Sycamore rebrands as Coriant America
The largest remaining piece of Sycamore Networks, its Intelligent Bandwidth Management business--which it sold to Marlin Equity Partners last September for $18.75 million in cash--has been folded into another Marlin-owned company, Coriant, and rebranded as Coriant America. The newly created division will remain headquartered in Sycamore's hometown of Chelmsford, Mass.
Coriant supplies Tier 1 service providers with 100G+ optical transport, OTN switching, and software-defined service control and management solutions. In addition, the company is adding optical mesh technology, intelligent control plane software and multiservice switching solutions to its menu of products and services.
A prominent optical switch vendor during the dot-com boom of the late 1990s, Sycamore fell on hard times in the last decade. After surviving the technology bubble burst of the early 2000s, the vendor fell prey to the economic downturn in 2008, when its revenue plummeted from $115 million to $67.3 million that year--a fall from which it never fully recovered. Sycamore's sale to Marlin was finalized in January 2013, and the company filed for a certificate of dissolution in March with the state of Delaware.
Coriant will be inheriting more than just Sycamore's bandwidth management technology. Marlin also purchased Nokia Siemens Networks' optical business in December 2012.
Marlin, naturally, has high hopes for Coriant and its expanded menu of services. "The products of both companies are distinguished by technology innovation and best-in-class performance," said Bob Leggett, an operating partner at Marlin. "As we bring these offerings together under the Coriant solutions portfolio, we will draw upon a broader set of capabilities, as well as Marlin's financial and operational resources, to help service providers maximize the value of their optical networks in the hypergrowth era."
- see this press release
Coriant takes its place in the optical network industry
Marlin Equity Partners acquires Sycamore Networks for $18.75 million in cash
Sycamore Networks ends its run
Nokia Siemens Networks sells optical business to Marlin Equity Partners