Marlin Equity Partners’ has completed the acquisition of Sycamore Networks, Inc.’s bandwidth management product and service business, and has re-launched the company as a new platform company under the name Sycamore Networks Solutions.
Sycamore Networks Solutions is a provider of optical networking and multiservice access services that enable fixed line and mobile operators to improve utilization of network capacity, increase operational efficiencies and cost-effectively transition from circuit to packet services while ensuring the highest degree of service availability. Sycamore’s customer base includes Tier 1 service providers, government agencies and utility companies. The company is based in Chelmsford, MA (www.sycamorenet.com).
Sycamore Networks Solutions, which will continue to use the brand name “Sycamore Networks,” will be led by John Scully as president and chief executive officer. Most recently, Mr. Scully served as Sycamore’s vice president of worldwide sales and support.
“Sycamore’s carrier-class networking solutions form the critical foundation for many of the world’s leading communications networks, and we believe the company is well positioned to deliver enhanced value to its global customers as it moves forward,” said Pat DiPietro, operating partner at Marlin. “We are pleased to appoint John to the role of president and CEO, and we are committed to providing the strategic guidance and financial resources necessary to ensure the company’s success as it enters a new phase of growth and innovation.”
Marlin Equity Partners invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change. The firm is based in Los Angeles (www.marlinequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-1-13