Dallas — December 21, 2016 — Masergy Communications, Inc. ("Masergy"), a global provider of hybrid networking, managed security and cloud communications, announced today that it has completed its transaction with Berkshire Partners LLC ("Berkshire Partners") for the purchase of the existing Masergy equity for an undisclosed price.
"This transaction marks the next chapter in our company's growth strategy," said Chris MacFarland, CEO of Masergy. "Berkshire Partners understands the complexity of the markets we serve and the tremendous value our unique solutions provide to large global companies. We are excited to have such an experienced partner at our side as we continue growing the business."
"Masergy's innovative solutions and world class experience truly help businesses transform their IT environments and drive their digital transformation objectives," said Beth Hoffman, Managing Director at Berkshire Partners. "The accelerating rate of change across the information technology landscape creates significant opportunities for Masergy. We are excited to be invested in this team, company and culture."
Masergy owns and operates the largest independent Software Defined Platform in the world, delivering hybrid networking, managed security and cloud communication solutions to global enterprises. Our patented technology, customizable solutions and unmatched customer experience are why a growing number of leading organizations rely on Masergy to deliver performance beyond expectations. Learn more about Masergy and follow us on our blogTransforming Enterprise IT, Twitter @Masergy, LinkedIn and Facebook.
About Berkshire Partners
Berkshire Partners, a Boston-based investment firm, has made over 115 investments since its founding in 1986 and has raised nine private equity funds with more than $16 billion in aggregate capital commitments. Berkshire has developed industry experience in several areas including consumer and retail, communications, business services, industrials and healthcare., communications and transportation. Berkshire has a long history of partnering with management teams to build market leading growth companies. Prior investments in the communications space have included Crown Castle International, Telx and Lightower. For additional information, visit www.berkshirepartners.com.
# # #
BERKSHIRE PARTNERS CONTACT: