|By Business Wire||
|January 29, 2014 12:16 PM EST||
Marlin Equity Partners (“Marlin”), a global investment firm, today announced that it plans to establish an independent business for the Tellabs Access product portfolio. This singular focus will allow the company to accelerate Tellabs’ market leadership and growth in Optical Local Area Network (OLAN) solutions for enterprises and government agencies while continuing to provide service providers with excellent residential access products. In conjunction with this announcement, Marlin has appointed industry veteran Mike Dagenais as President and CEO of its Tellabs Access business.
“With deep customer relationships and a strong portfolio of access solutions to build upon, Marlin is fully committed to the success of the Tellabs Access business. The OLAN business requires focus on distinct channels and this separation positions Tellabs Access for continued rapid growth in this sector,” said Doug Bayerd, a principal at Marlin. “We are pleased to have a seasoned executive with deep industry knowledge and expertise in the leadership position of Tellabs Access. We look forward to partnering with Mike and his leadership team as the company strengthens the long-term value proposition for its customers.”
Over the past 25 years, Mike Dagenais has led organizations in the development of new products focused on service providers, cable operators and equipment providers. These products have been in areas like data networking, cloud computing, optical, access and wireless. Previously, Dagenais served as CEO of Radisys Corporation and as president and CEO of Continuous Computing. Dagenais’ extensive experience leading optical and data networking companies through periods of unprecedented growth includes roles as president and CEO of Optical Solutions, Inc. and president and COO of Convergent Networks.
“Fiber-based LANs represent a substantial shift in the way enterprises and government agencies implement robust, secure, and future-proof LANs,” said Dagenais. “With our high-performance team, our top-tier relationships, and leading solution set, we continue to drive product innovation that fundamentally redefines the economics of in-building networks. We are working closely with our customers to help them realize the value of embracing OLAN for their optical solutions.”
Tellabs Access plans to complete the transition to an independent business in the First Quarter of 2014.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $2.6 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 70 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.