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Telepresence and Videoconferencing Network Provider MASERGY Plans $100 MM IPO

November 1, 2010 | Howard Lichtman
Network-services provider Masergy Communications Inc. plans to sell up to an estimated $100 million in shares in an initial public offering according to an article by Kathy Shwiff on the Dow Jones Newswire:


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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