Orckit Corrigent

Company Overview

Snapshot

Founded in January 1990, Orckit Corrigent operates with 201–500 employees. The company has secured funding across two rounds from two investors, with a notable event being the sale of patents for $5 million in March 2013.

Business overview

Orckit Corrigent provides telecommunication providers with high-capacity broadband residential, business, and mobile services over wireline or wireless networks. Its product portfolio includes Packet Transport Network (PTN) switches, which are MPLS and MPLS-TP dual-stack-based solutions enabling advanced packet and legacy services over packet networks with a wide range of transport features. The company serves the telecommunications industry globally, operating within the Industrial Technologies sector, specifically focusing on microelectronics and photonics solutions, IT & network management, and communication services.

Strategic signal

In August 2013, Orckit Corrigent's stock experienced a significant jump of 135% following a putative pact with ECI. This event signals strong market validation and investor confidence in the company's strategic partnerships and future growth potential within the telecommunications networking equipment sector.

Company Intelligence Q&A

When was Orckit Corrigent founded?

Orckit Corrigent was founded in January 1990.

What was a significant financial event for Orckit Corrigent in 2013?

In March 2013, Orckit Corrigent sold patents for $5 million to an undisclosed buyer, as reported by Globes. This transaction was a notable financial event for the company that year.

What caused a notable stock increase for Orckit Corrigent in 2013?

In August 2013, Orckit Corrigent's stock jumped 135% due to a putative pact with ECI.

Which investor participated in Orckit Corrigent's funding round in December 1993?

In December 1993, Catalyst participated in a funding round for Orckit Corrigent.

What is the primary sector of Orckit Corrigent?

Orckit Corrigent's primary sector is Industrial Technologies.