|By Business Wire||
|February 1, 2013 07:10 AM EST||
Sycamore Networks Solutions, Inc. today announced its launch as a privately held company following Marlin Equity Partners’ (“Marlin”) acquisition of Sycamore Networks, Inc.’s bandwidth management product and service business, which includes industry-leading optical networking and multiservice access solutions deployed in fixed line and mobile networks around the world. The new Marlin entity, 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.”
“I am extremely honored to lead a dedicated organization with a proven track record of technology innovation and an unwavering commitment to excellence in customer service and support,” said Mr. Scully. “We are very excited about the opportunities we see ahead of us, and look forward to strengthening our relationships with current and prospective customers as we expand the features and capabilities of our solutions portfolio.”
Mr. Scully brings over 25 years of executive leadership, sales and marketing experience in high-growth technology companies to his new role. Prior to joining Sycamore Networks, he served as vice president of worldwide sales and support at Eastern Research, Inc., where he drove significant revenue growth and market share gain for the company’s access networking solutions. Previously, Mr. Scully held senior management positions at Test Link/Tel Link, Datatel, Cray Communications, and Data Decisions. Mr. Scully holds a B.A. in Communications from the University of Dayton in Dayton, Ohio.
About Sycamore Networks Solutions, Inc.
Sycamore Networks Solutions, Inc. is a provider of intelligent optical networking and multiservice access solutions 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 global customer base includes Tier 1 service providers, government agencies and utility companies. For more information, please visit www.sycamorenet.com.
About Marlin Equity Partners
Marlin Equity Partners is a global private investment firm with over $1 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 60 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
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