Masergy Gets Positive

Masergy announced that it achieved EBITDA profitability in May 2006

June 22, 2006

1 Min Read

DALLAS -- MASERGY, a global service provider specializing in simplifying wide-area networking for enterprises, announced today that it achieved EBITDA profitability in May 2006. EBITDA stands for earnings before interest, taxes, depreciation and amortization. This financial milestone follows consistent corporate performance that averaged 14 percent quarter-over- quarter revenue growth for the past four quarters, and historical revenue performance that has always exceeded 10 percent quarterly growth. The company will generate annual revenue of nearly $50 million in fiscal 2006, representing an 86 percent increase over fiscal 2005. MASERGY's rapid growth follows its demonstrated performance for delivering next-generation network services valued by enterprises.

"Few companies that were started in the new millennium have survived or returned any value to their investors," said Jack Tankersley, founder of Meritage Private Equity Funds and a MASERGY board member since inception. "MASERGY not only survived, I expect the company to return an attractive multiple of capital for its current investors."

"MASERGY's growth stems from our laser-like focus on both our service delivery and our customers," said Barry D. Nalls, president and CEO of MASERGY. "By leveraging advanced technology while ensuring operational excellence for customers, we've built a successful business that continues to lead the way for the network services industry."

Masergy Communications Inc.

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