Monday, November 1, 2010
Masergy Files For IPO
Plano-based Masergy, is looking to raised up to $100M in an IPO on the NYSE, according to an S-1 filing by the firm this morning. Masergy is a provider of managed, secure virtualized network services to the enterprise market. The IPO is being underwritten by BofA Merrill Lynch, Deutsche Bank Securities, Stifel Nicolaus Weisel, and Pacific Crest Securities. The firm reported net income of nearly $22.3M on revenues of $97.5M for its year ending June 30, 2010. Masergy is venture backed by Centennial Ventures, Meritage Funds, and Special Private Equity Partners.