After years of losses, the company underwent a failed debt restructuring agreement in 2012, and entered bankruptcy and liquidation proceedings in mid-2015.

[5] The company then made history when its initial public offering on the Nasdaq over-the-counter exchange was postponed due to oversubscription.

[7] In 2007, Orckit-Corrigent launched its CM4000 PTN line of products,[8] which currently serves multiple telecom providers worldwide, including leading Indian carrier Bharat Sanchar Nigam Ltd. (BSNL),[9] Deutsche Telekom,[10] a leading Pan-European Scandinavian Service Provider,[11] Mexican redIT (formerly MetroNet),[12][13] and others.

[14] In January 2010, Lindsay Ryan was hired as regional sales manager to head a new office in Manila, Philippines.

[15] At its peak, the company had international offices in Israel, US, India, Japan, Korea, Germany, Russia, Brazil, Mexico, Thailand, and the Philippines.

[18] Orckit-Corrigent was active in the German market, having signed an agreement with Media Broadcast GmbH for Deutsche Telekom in 2008.

Orckit-Corrigent focused on what the company termed time-division multiplexing (TDM) migration, whereby carriers operating legacy SDH networks with growing levels of Ethernet traffic are offered the ability to progressively transition to a network where traffic is offloaded to a platform that can handle both TDM and Ethernet services.