Latest Telepresence and Visual Collaboration News:
Telepresence and Videoconferencing Network Provider MASERGY Plans $100 MM IPO
November 1, 2010 | Howard Lichtman
The company, which builds customer-controlled communications networks, has served about 3,900 customer locations in 49 countries in a variety of industries. In the three months ended Sept. 30, its profit increased 25% to $2.6 million as revenue rose 7.2% to $27.8 million.
The MASERGY Global Network Footprint
Masergy has applied for its shares to be traded on the New York Stock Exchange under the symbol MSGY. The company plans to use proceeds of the IPO for capital expenditures and working capital.
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