Monthly Archives: July 2016

Shaygan Kheradpir; Sending Coriant Soaring to New Heights

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Shaygan Kheradpir has an extensive background in the telecommunications industry, working in conjunction with companies like Verizon, Nokia, and GTE. We now look to Mr. Kheradpir’s recent comeback as the new acting CEO of Coriant. Though much debate has followed, Mr. Kheradpir is well ready for the position, spending most of 2015 before his appointment as CEO working with Marlin Equity Partners.

This particular role is probably the most important role he has played yet. “Marlin Equity Partners is a private equity company that built Coriant by stitching together the optical unit of Nokia, Tellabs and part of Sycamore Networks.” (LightReading) In 2015, Shaygan Kheradpir took over the position CEO of Marlin Equity Partners, to then become acting CEO of Coriant and allow Marlin Equity Partners to go back into the hands of its former CEO.

After learning from the parent company, Kheradpir takes his 28 years of industry experience to the Coriant. Coriant has about 500 contracts raking in about 1 billion dollars in revenue a year. Though this seems like acceptable numbers to most, Kheradpir is focused on helping the company reach higher goals. “He plans to position Coriant as a vendor focused on large customers and carriers and expects to build on a successful track record of supplying packet-optical systems.” (FierceTelecom)

Since Kheradpir’s involvement Coriant has made deals with carriers such as “Australia’s NBN, BSNL, China Unicom, and Telia Sonera International Carrier.” It’s no surprise that Shaygan Kheradpir has been making such strides. After serving as an Executive Partner for GTE, he was Executive Vice President for Verizon, and then helped build Barclays bank as the chief operations and technology officer. With Kheradpir’s background in telecom and finance we see a CEO who has all of the skills to take Coriant to the top of the stocks.

According to

FierceTelecom “Kheradpir’s key task as CEO will be to drive new sales of its equipment to meet service providers’ 100G to multi-terabit coherent metro and long haul transport deployments, hyper-scale data center and cloud infrastructure build-outs, and mobile back haul upgrades to accommodate 4G and upcoming 5G deployments.” We will see a very bright future ahead for Coriant and Shaygan Kheradpir alike.

Follow Shaygan on Twitter @shaygank

Shaygan Kheradpir new Coriant chairman and CEO. (n.d.). Retrieved July 26, 2016, from http://www.lightwaveonline.com/articles/2015/09/shaygan-kheradpir-new-coriant-chairman-and-ceo.html

 

July 29, 2016

CCMP Capital Advisors’ CEO Stephen Murray Dies

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Longtime chief executive officer of CCMP Capital Advisors, Steve Murray resigned just one month before his passing at age 52 due to growing health concerns. While more details have been hard to come by, the New York based buyout firm did have their spokeswoman, Alexandra LaManna confirm in an email that Murray did indeed die on March 12th.

As a founding partner of CCMP, he witnessed the evolution of the firm as it spun from JPMorgan Chase & Co. back in 2006 to steer the company away from conflicts of interest among the bank’s clientele. With a specialty in middle market leveraged buyouts and growth equity investments, Steve Murray expertise assisted CCMP to raise their funds by $3.6 billion last year alone.

Greg Brenneman, CCMP’s current CEO conveyed in a recently released email just how very saddened that he and the other colleagues are for the loss of their friend and former partner. Looking back in admiration, he said, “Steve was a terrific investor and deal maker.”
Investing from $100 million to $500 million in equity with each transaction, the finance firm focuses mostly on businesses within the consumer, industrial, health care and energy sectors.

Guiding the firm through the storm from Day One, Stephen Murray helped to invest in heavy hitters like Cabela’s Inc., Quiznos Corp. and Warner Chilcott Plc. His wise fiscal decision making earned himself and his company a superb reputation among both competitors and colleagues.  Read more: Exclusive: CCMP Capital CEO Stephen Murray leaves firm

Having been raised in a New York City suburb in Westchester County, Murray went on to Boston College where he earned his Bachelor of Arts degree and later a Master of Business Administration from Columbia University. By 1984, he was hired as a credit trainee with the Manufacturers Hanover Trust Co. where he was ultimately named vice president of middle market lending.

According to New York Times, Joining a private equity and leveraged finance division of the company in 1989, Stephen Murray became a founder of the predecessor to what is now CCMP.

After being named head of the bank’s buyout business in 2005 prior to the final spinoff, he cemented his place among middle market deal makers with doting private equity clients for years to come. Learn more about Steve Murray: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/

Though things were bumpy initially due to the struggles with perceptions of favoritism with the in-house firm, the company gained strength as a separate entity. Along with his lasting legacy in the industry, Murray is survived by his wife and four sons.

July 28, 2016

FreedomPop Offers Incredible Freemium Services

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We are living in an increasingly effective age of technology and this has led to many revolutions from within the various tech industries. One place where companies are struggling to get ahead is in the world of mobile phone. While there are a few ‘big’ companies that seem to dominate the headlines, there is one company underneath that is creating separation as the next big thing: FreedomPop. FreedomPop is a ‘freemium’ mobile carrier that is seeking to put control right back into the hands of the customers by creating tailored services to meet their every need. Have you not heard of them? We’ll break down what makes this L.A. based start up so special.

First off, FreedomPop has a core service that offers customers a completely free experience. You can sign up with FreedomPop and get their core plan and never have to spend a dime as part of the network. You’ll be given access to a limited amount of talk, text, and mobile data every month — completely free. If you like the service than FreedomPop urges you to upgrade and if you don’t like the service then you will never have to actually spend a penny. It’s this ‘bet on themselves’ attitude that has made FreedomPop so special.

Outside of their core free service FreedomPop has made some savvy moves to establish themselves as players in the mobile game for a long time in the future. We’ve seen the company work diligently to add wireless hotspots throughout the continental United States in order to launch their ‘WiFi add on’ service. This service costs $5 per month and it gives you access to secured and private WiFi hot spots to the tune of over 10 million locations in the country alone. Compare how much a wireless plan costs for your house and then really look at how much $5 per month can mean to you. Outside of the WiFi plan there is also the ‘premium’ plan which offers you enhanced mobile data, unlimited talk, and unlimited text for only $19.99 per month — a price unmatched by other companies.

While FreedomPop isn’t a ‘regular’ yet among mobile carrier conversations, we have no doubt that the company is trending toward that direction. Combining savvy marketing with excellent services, FreedomPop is positioning themselves to become a player in the tech world for a long time coming. We definitely can see why FreedomPop is so quickly ascending.

Learn more about them from this FreedomPop review

July 25, 2016

Securus Technology To Release Reports On Global Tel-Link Practices

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Securus Technologies, one of the leading providers of technology solutions for the criminal justice system, has just released a scathing press release that they have announced will be the first in a series of reports and other papers that will feature the malpractice and lapses of trust and integrity conducted by inmate Communications Company Global Tel-Link or GTL. This action by Securus was stated to the press on June 7, 2016, by the CEO of Securus Technology Rick Smith along with his reasons for taking this drastic action against a competitor. Rick declared that serving the corrections industry along with its law enforcement employees, prison inmates and their friends and family was something he cared deeply about and that it offended and outraged him when a carrier like GTL did not seem to care about anything but the money it could make. It also appeared to him that GTL was not just interested in making a profit but was more interested in just how much money they could squeeze out of their captive audience, He then stated for the record that the business mission of Securus Technology was not just about the money but that it was fundamentally about how to best serve their company’s customers best interests.

Because of this, Securus has vowed to review and publish multiple sources of confirmed information that point out the willful wrongdoing, potential wrongdoing, and gross negligence of Global Tel-Link over the years. This information will all be released in a series of press releases over the next six months. The Securus CEO also stated that the purpose of this tactic was to hopefully shame GTL into acting with more integrity in their dealings with their own customers. He then stated that one company’s bad actions can affect everybody in this industry. The first of these complaints to be released will be a formal 17-page order issued by the Louisiana Public Service Commission, regarding Global Tel-Link’s wrongful actions when they provided telecom services to thousands of inmates in that state’s prison system. The official document details multiple instances of wrongdoing some of which could have been considered criminal at the time they were committed.

July 14, 2016

How Does Fabletics Make Its Clothes Interchangeable?

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Fabletics has prided itself on making its clothes interchangeable because that is the only way that women can get through their day easily. Too many women have wasted too much time getting their clothes together every night or every morning, and Kate Hudson started this brand because she was not going to wake up hours early just to get herself ready. She wants to change her clothes in an instant, and she wants to have clothes that she can change in and out of every day. She takes her kids to school in simple gym clothes, and she can pick them up in the same clothes if she is able.

The best part of what Fabletics does is that they got a feature in Marie Claire at http://www.marieclaire.com/fashion/news/a19566/kate-hudson-fabletics-interview/. The feature made it much easier for women to see that they can get all the clothes they need from Fabletics, and they can interchange the items during the day if they want. A woman that goes to the gym to start her day needs something to put over her clothes when it is time, and she also needs to have clothes that are going to make her look nice.

Fabletics started the athleisure trend that women are seeing on runways around the world, and they deserve to feel like they are very stylish and fashionable. A woman who wants to put on a skirt or top with her gym clothes is going to find out that it is very easy for her to get the results that she needs. She will love what she looks like in the mirror, and she can keep on simple items from Fabletics like tights that make her lower body look amazing. This is the reason why Kate Hudson started Fabletics, and it is the best way for women to have the style that will take them all over town.

Read Fabletics Review

July 7, 2016