DALLAS (April 5, 2007) — Masergy, a global service provider specializing in simplifying business networks for enterprises, announced it has been selected as a Finalist for the 10th annual Red Herring 100 Awards, a selection of the 100 private companies based in North America that play a leading role in innovation and technology.
The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 finalists from more than 800 closely evaluated companies that are leading the next wave of innovation.
“We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring. “It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the qualities of the companies we selected as Finalists.”
Recognized as an innovator in the communications industry, Masergy reached annual revenue of approximately $60 million in its first five years of operation by delivering the industry’s best enterprise networking experience, including unique solutions, exceptional customer service and support and simplified billing. Recent highlights of the company’s forward momentum and financial success include achieving EBITDA-positive status during FY2006 and generating positive net income in FY2007.
Masergy is proud to join this impressive group of innovators recognized by Red Herring for leading advances across a wide range of technology sectors,” said Barry D. Nalls, president and CEO of Masergy. “Our success is driven by our team’s collective passion for delivering a total customer experience across solutions, collaboration, delivery, support and billing.”
The top 100 companies will be announced at the Red Herring Spring event, where the winning CEOs will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists in attendance May 1-3 in Monterey, Calif., at the Hyatt Regency Hotel.
This year’s Red Herring 100 Spring event marks the 10th anniversary of the Red Herring 100 Awards. In celebration, the event will feature keynote addresses from legendary VC investors and CEOs of leading Internet, information, and communications companies. Request your invitation at http://www.herringevents.com
About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at http://www.redherring.com.
Masergy is a privately held global network service provider specializing in delivering the strongest customer experience in the telecommunications industry. Serving hundreds of customers throughout Europe, Asia, Africa, Australia and the Americas, Masergy leverages advanced transport technologies to deliver global Ethernet services across a native MPLS network. The company pioneered customer-controlled network services and the delivery of multiple services over a single network connection. Masergy’s customers include companies from the financial/banking, healthcare, entertainment broadcasting, hospitality/hotels and manufacturing industries. More information is available online at or by calling +1 866-MASERGY.