Can we run multiple MS SQL Server instances on the same DB server

Can we run multiple MS SQL Server instances on the same DB server

 We are currently running two instances of ServiceDesk Plus, one in MS SQL Server and one in MySQL.  We want to convert the MySQL to MS SQL Server and run it on the same DB server.  Can we just setup the database instance with a different name (other instance DB name is servicedesk)?

                  New to ADSelfService Plus?