Lucent Services Take a Baby Step
Lucent makes another move to add to its services business by signing a support contract with ADM startup Corrigent
April 22, 2003
Lucent Technologies Inc. (NYSE: LU) has taken a small step toward expanding its services business. Today, Corrigent Systems Inc., a startup making packet-ADM (add/drop multiplexer) transport gear for metropolitan networks, announced a non-exclusive deal with Lucent Worldwide Services to install and support its gear.
According to the arrangement, Lucent will provide site surveys, equipment installation, and final acceptance testing, for Corrigent's family of CM-100 products.
The deal hints at Lucent's move to build a bigger services business, though the fact that it picked a small startup with few customers is a bit curious.
Financially, this deal won’t mean big bucks for Lucent. Corrigent still hasn’t won a paying customer since coming out of stealth mode over a year ago. Shane Eleniak, vice president of sales for Corrigent, says the company is in a number of lab trials with Tier 1 carriers, but it hasn’t been deployed in field trials yet.