Coriant was founded in March 2013 and in order to form it, the company merged with the technology businesses of Siemens Optical Networks as well as Tellabs, and the Sycamore Networks. It came to be completely self-regulating from Nokia Siemens Networks to become its own company in May 2013 and is now owned by Marline Equity Partners.
The Coriant enterprise sells hardware, as well as software for operating optical transmission for a backbone network comprised of voice, as well as data and mobile networks. A backbone network is part of a computer network frame interconnecting other networks, that provides a road for LANS and subnetworks to exchange data.
Coriant’s products are mostly hiT 7300, which is used for visual multiplexing DWDM via fiber optic lines, as well as hiT 7100, which is used for electric cross links of optical pathways and hiT 70xx, which is used for “multi-service provisioning.” Its software consists of products used to help manage and plan in the areas of TNMS and Transnet, as well as Transconnect.
As such, Shaygan is a well-known business and technology leader. He has more than 28 years of executive know-how in the fields of telecom, as well as technology, and also in financial services.
He started off at GTE and then became the Chief Information Officer for Verizon, and afterwards he was the Chief Operations and Technology office at Barclays, and there is was part of the TRANSFORM program, which helped to transform the bank’s operations to over 50 countries.
Coriant now is a leading network operator in more than a hundred different countries, and handles things like mobile and landline providers, as well as content providers, multiple cloud and data center operators, along with cable MSOs, several large enterprises, and even some government agencies, as well as some financial institutions, and multiple utility companies.
Since Coriant has 100s of 1000s of networking systems all around the world, it produces solutions which serve as the robust backbone for handling billions of dollars in end-user service revenues.