Marlin Equity Partners, a global private investment firm, has launched a new privately held company following the completion of its $18.75 million purchase of the bandwidth management product and service business from Sycamore Networks Inc. of Chelmsford.

The new company will be called Sycamore Networks Solutions Inc., and it will be headed by John Scully, who previously served as vice president of worldwide sales and support for Sycamore Networks Inc., the new company said in a Friday press release.