Boston-based investment company Berkshire Partners LLC says it has reached an agreement to buy a majority interest in cloud-based communications services provider Masergy Communications, Inc. from ABRY Partners. Terms of the deal were not disclosed.
Masergy serves enterprise customers in over 75 countries via a software-defined networking (SDN) platform (see, for example, "Masergy offers managed SD-WAN service" and "WAL: SDN providers nibbling away at slow-moving MPLS carriers"). ABRY Partners acquired the company from its founding investors, which included Centennial Ventures and Meritage Private Equity Funds among others, in 2011.
"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. "We believe the company's highly differentiated solutions and superior client experience deliver a unique and compelling value proposition to enterprises around the world."
"We think Berkshire Partners is the ideal partner as we embark upon the next chapter of our growth strategy," said Chris MacFarland, chairman and CEO of Masergy. "Berkshire brings the industry expertise required to help us fulfill our vision."
Berkshire has invested in several communications firms, including Crown Castle International, Telx, and Lightower.
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