ABRY Partners completes acquisition of Masergy Communications
Masergy Communications has announced that it has completed its transaction with 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.”