Marlin Merges Sycamore Networks with Coriant

Marlin Equity Partners said Wednesday that two of its portfolio companies, Sycamore Networks Solutions and Coriant, are merging. Sycamore, which Marlin bought earlier this year, will become Coriant America and remain headquartered in Chelmsford, Mass.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–Marlin Equity Partners (“Marlin”), a global private investment firm, today announced that Sycamore Networks Solutions, Inc. (“Sycamore”) will join forces with Coriant, a Marlin portfolio company and leading supplier of 100G+ optical transport, OTN switching, and software-defined service control and management solutions to Tier 1 service providers worldwide.

As a result, Sycamore, which was acquired by Marlin in January 2013, will become Coriant America Inc., and will remain headquartered in Chelmsford, Massachusetts. Sycamore will also adopt the Coriant brand for all of its product and service offerings, significantly enhancing the customer value proposition of an expanded Coriant portfolio with industry-leading optical mesh technology, intelligent control plane software, and multiservice switching solutions.
“We are excited to harness a deeper pool of optical networking expertise as we leverage the combined strengths of these exceptional teams to advance Coriant’s global market position,” said Pat DiPietro, an operating partner at Marlin. “With an expanded solutions portfolio and greater operational scale, we will be well-positioned for continued growth and innovation.”
The expanded Coriant portfolio offers unparalleled customer benefits, including:
• Expanded end-to-end solutions. Sycamore’s optical switching and multiservice access platforms complement and expand the Coriant optical networking portfolio, which includes the industry’s highest performing, future-proof 100G+ transport solution with advanced service design and planning automation software, as well as its OTN/MPLS packet-optical and multiservice aggregation platforms, and innovative network and service management systems for flexible, high-performance management of next-generation optical networks.
• Enhanced, software-centric optical networking capabilities. Sycamore’s proven optical mesh technology and industry-recognized leadership in control plane software, deployed in the world’s largest Tier 1 networks, enhances Coriant’s industry-leading software-defined optical networking capabilities, helping operators reduce operational complexity and increase service reliability as networks scale in response to hypergrowth demand.
• Strengthened global service and support offerings. With an established reputation for service excellence and proven ability to meet the carrier-class requirements of Tier 1 network operators, Sycamore brings expanded capabilities to Coriant’s world-class customer service and support offerings, enhancing the ability of its customers to maximize the lifecycle value of their network investments.
“The products of both companies are distinguished by technology innovation and best-in-class performance,” added 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.”
About Marlin Equity Partners
Marlin Equity Partners is a global private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 65 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.