The technology startup Coriant has been growing at a fast rate since the purchase of optical development departments from Nokia by Merlin Equity Partners. Merlin rolled a number of companies under the single Coriant umbrella to create an optical hardware and software delivery company that it is hoped will rival the giants of the industry, such as Cisco. The company has been developing under the leadership of Pat DiPietro who is now moving to the role of vice-chairman. In his place as CEO comes former Barclays and Verizon executive Shaygan Kheradpir who will look to use his more than 20 years of business experience to develop the business in the coming months and years.
Shaygan Kheradpir should be in a strong position to push forward the Coriant brand as he has a wealth of experience in the technology industry. Kheradpir began his career with GTE Labs and continued as a research and development specialist when the company merged with Verizon. Kheradpir was at the forefront of developing many of the practices that lowered both development costs and the ability of Verizon to create new hardware at a fast pace.
After finding success in lowering both the research and development costs for Verizon and developing a number of strategies that lowered the costs of IT for the company, Kheradpir moved on to the financial giant Barclays. The position of Kheradpir at Barclays was so strong that he became the first technology executive to sit on the board of the company and developed a number of technology based products that are now financial industry standards.
The role Shaygan Kheradpir is taking up in the Coriant organization is closely linked to that he held at Verizon. The announcement that Kheradpir is joining Coriant as the new CEO was accompanied by news that he has been working on an overall review of the company with Coriant executives for a number of months. The executive will look to maximize profits for Coriant while still providing a high quality product for the brand.