DALLAS – August 22, 2011 – Masergy Communications, Inc. (“Masergy”) a global provider of secure, virtualized network services announced today that it has completed its transaction with ABRY Partners, LLC (“ABRY Partners”) for the purchase of the existing Masergy equity for an undisclosed price.
“This transaction completes the transition from our founding investors who helped steer the company to profitability to a seasoned team of advisers that will guide management as we seek to accelerate the company’s growth,” said Chris MacFarland, CEO of Masergy. “ABRY Partners understand the complexity of the markets we serve and the tremendous value our unique solutions provide to large global companies.”
“We believe that Masergy’s highly complex broadband and communications services will play an increasingly important role in enabling the expansion of the global information technology and emerging cloud services market,” said Blake Battaglia, partner at ABRY Partners. “With Masergy’s talented management team, highly scalable business model and diversified blue chip customer base, we are confident that we have the right team and the right company in this sector going forward.”
Masergy provides managed, secure virtualized network services to enterprises that have complex needs across multiple locations. Masergy’s integrated network and software solutions enable customers to seamlessly deploy and manage IT applications, such as video, voice and data, on a global basis. Serving customers throughout the Americas, Europe, Asia, Africa and Australia, Masergy leverages advanced transport technologies to deliver global Ethernet services across a native MPLS network. The company pioneered customer-controlled network services and the delivery of multiple services over a single network connection. Masergy's customers include companies from the financial/banking, healthcare, entertainment broadcasting, hospitality/hotels and manufacturing industries. More information about Masergy is available at http://www.masergy.com.
About ABRY Partners, LLC
ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. Since 1989, ABRY has completed over $27 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements.
ABRY is currently investing ABRY Partners VII (a $1.6 billion fully-capitalized traditional private equity fund), ABRY Senior Equity III (a $750 million fully-capitalized senior equity/mezzanine fund) and ABRY Advanced Securities Fund II (a $1.2 billion fully-capitalized senior debt fund).