ABRY to Acquire Masergy

Masergy Communications announced that it has entered into a definitive merger agreement with an affiliate of ABRY Partners

June 27, 2011

1 Min Read

DALLAS -- Masergy Communications, Inc. (“Masergy”) a global provider of secure, virtualized network services announced today that it has entered into a definitive merger agreement with an affiliate of ABRY Partners, LLC (“ABRY Partners”) to purchase 100% of the existing equity of Masergy for an undisclosed price. The transaction is expected to close within 90 days.

“ABRY Partners is one of the most experienced private equity firms in the media, communications, and information industry. ABRY has a strong track record of providing capital to successful companies,” said Chris MacFarland, CEO of Masergy. “We believe they are the right partner to continue our growth plans while providing outstanding service to our clients. We are very proud of what Masergy has achieved to date and we look forward to executing the next phase of our growth strategy.”

This transaction provides liquidity for the founding investors and introduces an experienced equity partner for the company’s continued growth. The existing management team will continue to manage the business with no operational changes.

“We are strong believers in the global information technology and emerging cloud services market and are excited to be participating in it through our acquisition of Masergy.” said Blake Battaglia, Partner at ABRY Partners. “Masergy, with its talented management team, has built a highly scalable business with a diversified blue chip customer base. We look forward to helping Masergy accelerate its growth strategy.”

Masergy Communications Inc.

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