LOS ANGELES, January 31, 2013 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired the optical networking business of Sycamore Networks, Inc. (NASDAQ: SCMR). The company provides industry-leading optical networking and multiservice access solutions deployed in fixed-line and mobile networks around the world. The new Marlin entity will now be called Sycamore Networks Solutions (“Sycamore”) and will be led by John Scully who has assumed the role of 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,” stated Pat DiPietro, an operating partner at Marlin. “This transaction provides Marlin the opportunity to establish a new platform company and build upon Sycamore’s heritage of delivering innovative, high-value networking solutions.”
Doug Bayerd, a principal at Marlin, added “As a strategic addition to our portfolio, we plan to make the necessary investments to further enhance Sycamore’s current product offerings and continue to deliver the long-term value that Sycamore’s premier customer base has come to expect. In addition, we are committed to building on Sycamore’s market leading position through strategic acquisitions.”
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.
About Sycamore Networks Solutions
Sycamore Networks Solutions 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.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.