DALLAS, Aug. 23, 2006 (PRIMEZONE) -- MASERGY, a global service provider specializing in simplifying business networks for enterprises, received two leadership awards from The Metroplex Technology Business Council (MTBC), the largest technology trade organization in Texas, at the Sixth Annual Tech Titans/Titan Fast 50 Awards gala and ceremony held Friday, Aug. 18 at the Fairmont Hotel in Dallas.
The MTBC celebration recognized outstanding information technology companies and individuals in North Texas who have made contributions locally during the past year as well as to the technology industry overall.
MASERGY took top honors in both award categories where it was named a 2006 finalist:
-- The Tech Titans Emerging Company CEO Award presented to
Barry D. Nalls recognizes CEO leadership for an emerging company
within the technology and communications industry.
-- The Tech Titans Emerging Company Horizon Award presented
to MASERGY recognizes outstanding innovation and unique
accomplishments through potential breakthrough technology,
processes or services within the technology and communications
industry.
"MASERGY represents the true spirit of innovation in our community," said Anu Venkitaraman, MTBC Co-Chair of the 2006 Tech Titans/Fast 50 Awards. "MASERGY and Barry demonstrate this innovation, not just in their unique technology for on-demand networks, but also in their complete focus on the customer and customer needs, thus laying the ground for long-term growth and success."
Under Nalls' leadership, MASERGY achieved double-digit revenue growth for the past 18 quarters. MASERGY generated annual revenue of nearly $50 million for FY2006, which ended June 30, representing an 86-percent increase over FY2005. The company attributes this rapid growth to innovation, leadership and demonstrated performance in delivering next-generation network services valued by enterprises.
Founded in 1999, MASERGY has grown quickly and strategically to serve hundreds of enterprise and Global 1000 customers in more than 40 countries across six continents, maintaining one of the lowest annual "customer churn" rates in the industry.
"The MASERGY team is especially honored to receive the Tech Titans Emerging Company Horizon Award because of the diversity and strength of the Dallas-Fort Worth technology environment," said Nalls. "I am thrilled to see our team's hard work and commitment reflected in this recognition by our peers. We all benefit from the MTBC's continuing commitment to recognizing companies for innovative and groundbreaking achievements, and MASERGY is proud to be included for our contribution within and beyond the local technology community."
"On a personal note, I am humbled and gratified to be selected for the Emerging Company CEO Award," added Nalls. "This recognition re-affirms my strong belief that a team of people heavily focused on meeting the needs of customers while addressing the needs of employees, investors and the community create the foundation of a truly successful business."
In May, MASERGY was named the fastest-growing private company in Collin County among the Inside Collin County Business Comerica Collin 60, an annual ranking of businesses based in North Texas. The same month, MASERGY achieved profitability in earnings before interest, taxes, depreciation and amortization (EBITDA).
About MASERGY:
MASERGY is a privately held global service provider specializing in simplifying business networks for enterprises. Serving customers in 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 http://www.masergy.com or call +1 866-MASERGY.
The Masergy Communications logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2814
About MTBC and Tech Titans:
Founded in 1994 by MCI, Nortel Networks, Fujitsu, and Rockwell International, the Metroplex Technology Business Council (MTBC) is non-profit 501(c)(6) organization. Membership in the MTBC consists of technology members (80 percent of membership) and provider members (20 percent of membership). Membership is open to all technology companies in the Metroplex. The MTBC is dedicated to fostering a supportive business environment for technology companies and members of the technology community through leadership, advocacy, education and cooperative initiatives.
The Tech Titans awards were launched in 2001 by the DFW Metroplex Technology Business Council (MTBC), North Texas' most comprehensive organization supporting technology. The Tech Titans committee is a group of dedicated volunteers that each year organizes the annual awards ceremony. Judges are drawn from a variety of disciplines in technology, leaders in the area and past winners. For more information, visit www.metroplextbc.org/techtitans.