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MASERGY Secures $45 Million in Funding to Support Global Expansion of Enterprise VoIP, Video and Data ServicesDALLAS, March 16 /PRNewswire/ -- Masergy Communications, Inc., today announced its third round of funding for $45 million, including $15 million in capital from Comerica Bank, new funding from West Asset Management, and additional investments from Centennial Ventures and Meritage Private Equity Funds. This funding exceeds MASERGY's financial requirements to reach cash flow break even, which is expected later this year. In total, MASERGY has raised nearly $140 million since its founding in 2000. "MASERGY is redefining the network service experience for the enterprise market," said Barry D. Nalls, president and CEO of MASERGY. "This funding allows MASERGY to expand its lead in delivering the most advanced network services to large businesses." The company also announced the appointment of Royce Holland to its board of directors. Holland is a well-known pioneer in the telecommunications industry who founded MFS Communications and Allegiance Telecom. "Without a doubt, MASERGY has one of the most exciting opportunities in telecom today, providing cutting edge services to a blue chip list of customers," said Holland. "The company is well positioned to become an important player in the global enterprise network services space." MASERGY's customers include Cabelas, ESPN, E*Trade, Fluor, Genesis Microchip, GMAC Commercial Holdings, Jeppesen (A division of Boeing), Lane Bryant, Lucent, MDC Holdings (Richmond Homes), Robert Half International, Standard Bank of London, The Hallmark Channel and The Weather Channel. About MASERGY Masergy Communications, Inc., is a privately held global service provider specializing in real-time application performance across converged enterprise networks. Serving customers in nearly 40 countries throughout Europe, Asia, Latin and North America, MASERGY leverages Multi Protocol Label Switching (MPLS) across an Internet Protocol (IP)-based network to cost-effectively deliver multiple services over a single connection. MASERGY's customers include companies from the financial/banking, health care, entertainment broadcasting, hospitality/hotels and manufacturing industries. For more information, visit the company Web site at http://www.masergy.com/ or call +1 866-MASERGY. Masergy Communications, Inc. CONTACT: Suzanne Levine of Publicis Dialog, +1-972-628-7747, [email protected] , for Masergy Communications, Inc. Web site: http://www.masergy.com/ |