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, including Catalyst. A significant milestone occurred in March 2013 when Orckit sold patents for $5 million.

Business overview

Orckit Corrigent provides telecommunications networking equipment, enabling telecommunication providers to deliver high-capacity broadband residential, business, and mobile services over wireline or wireless networks. The company's core product portfolio includes Packet Transport Network (PTN) switches, which are MPLS and MPLS-TP dual-stack based, supporting advanced packet and legacy services over packet networks with a wide range of transport features. Orckit Corrigent serves the global telecommunications market, operating within the Industrial Technologies sector and specializing in areas like VOIP and wireless communications.

Strategic signal

In August 2013, Orckit Corrigent's stock experienced a significant jump of 135% following a putative pact with ECI. This event signaled strong market confidence and potential strategic validation for Orckit Corrigent's technology and market position, indicating a positive outlook for future collaborations or business developments within the telecommunications industry.

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 March 2013?

In March 2013, Orckit Corrigent sold patents for $5 million, as reported by Globes.

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

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

What caused Orckit Corrigent's stock to jump in August 2013?

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

What is Orckit Corrigent's primary business?

Orckit Corrigent facilitates telecommunication providers' delivery of high-capacity broadband residential, business, and mobile services over wireline or wireless networks with its Orckit-Corrigent family of products.