Tuesday, June 28, 2011
Centennial Ventures, Meritage Get Exit At Masergy
Two Colorado venture capital and investment firms -- Centennial Ventures and Meritage Funds, have scored an exit at portfolio firm Masergy Communications. According to Masergy, a provider of secure, virtual network services based in Texas, it is being acquired by private equity firm ABRY Partners. Financial details of the acquisition were not announced. The buyout comes after Masergy pulled an IPO attempt in February, citing "market conditions". Both Centennial and Meritage have been investors in Masergy since at least 2003.