Marlin Equity Partners to merge Coriant and Tellabs

Marlin Equity Partners today announced the formation of a single leadership and organizational structure for Coriant and Tellabs portfolio companies.

With a focus on customer value creation, this move represents the first step in a plan to merge the industry-leading networking suppliers under the Coriant brand. As part of today’s announcement, Marlin has appointed Bob Leggett as chairman of the Board, Pat DiPietro as chief executive officer and Herbert Merz as president and chief operating officer of the unified organization.

Dan Kelly, who is stepping down as Tellabs’ president and chief executive officer will remain in an advisory role during the transition process.

“Dan’s leadership and years of dedicated service at Tellabs have played an important part in the company’s heritage of technology innovation and product leadership,” said Bob Leggett, chairman, Coriant.

“We are pleased to have Dan’s support as we make this transition, and are excited to build upon the company’s distinguished heritage and successful track record of delivering customer-centric solutions. With the alignment of the organizations under a single leadership structure and a common vision, Marlin is taking an important step toward fully capitalizing on a highly complementary set of products and customers.”

“I am thrilled to be joining an exceptional team of industry professionals and networking leaders at a time of unprecedented market opportunity,” said Pat DiPietro, chief executive officer, Coriant.

The newly appointed leadership team will act in a single capacity over ongoing operations of both companies and is committed to ensuring a smooth and non-disruptive transition for all of its customers, who can expect business as usual for the near term.

“We are very excited about the opportunity to increase the immediate and long-term value we can bring to our customers globally,” said Herbert Merz, president and chief operating officer, Coriant.

“We remain committed to delivering superior customer support and unsurpassed product quality, and will ensure timely communications with our customers and business partners as we take further steps toward integration in the coming months,” added Merz.

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