SAN JOSE, Calif. -- (Business Wire)
8x8, Inc. (NASDAQ: EGHT), provider of cloud-based business
phone service and unified communications, announced that effective
Friday, February 8, listing of the company's common stock has been
transferred to the NASDAQ Global Select Market, the highest of the three
market tiers at NASDAQ. The NASDAQ Global Select Market has the highest
initial listing standards of any exchange in the world, with measures
including market value, liquidity and earnings.
“We’re proud to have met the stringent financial and corporate
governance standards that qualify us for the NASDAQ Global Select
Market,” said 8x8 Chairman & CEO Bryan Martin. “This recognition
validates our financial strength, sound management and long term
potential for sustainable growth. We remain sharply focused on building
value for shareholders by executing on our strategy of developing and
delivering industry-leading cloud communications services to small and
mid sized businesses.”
Listing on the NASDAQ Global Select Market is reserved for companies
that meet quantitative and qualitative listing standards that reflect
demonstrated commitments to leadership and good governance. Prior to the
change, the Company had been listed on the NASDAQ Capital Market.
About 8x8, Inc.
8x8 Inc. (NASDAQ: EGHT) empowers business conversations for more than
30,000 small and medium sized businesses with cloud communications
services that include hosted
PBX phone service, unified communications, call
center software and video conferencing solutions. In 2012, the
company was recognized in the “Leaders” quadrant of Gartner’s 2012 Magic
Quadrant for Unified Communications as a Service and was named No. 1
Provider of Hosted IP Telephony by Frost & Sullivan. 8x8 has been
delivering business communications services since 2004 and has garnered
a reputation for technical excellence and outstanding reliability. For
additional information, visit www.8x8.com,
or connect with 8x8 on Facebook
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc.,
fuels economies and provides transformative technologies for the entire
lifecycle of a trade - from risk management to trade to surveillance to
clearing. In the U.S. and Europe, we own and operate 23 markets, 3
clearinghouses and 5 central securities depositories supporting
equities, options, fixed income, derivatives, commodities, futures and
structured products. Able to process more than 1 million messages per
second at sub-40 microsecond speeds with 99.99+% uptime, our technology
drives more than 70 marketplaces in 50 developed and emerging countries
into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are
the benchmarks in the financial industry. Home to approximately 3,400
listed companies worth $6 trillion in market cap whose innovations shape
our world, we give the ideas of tomorrow access to capital today.
Welcome to where the world takes a big leap forward, daily. Welcome to
the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com.
Follow us on Facebook (www.facebook.com/NASDAQ)
and Twitter (www.twitter.com/nasdaqomx).
(Symbol: NDAQ and member of S&P 500).
Joan Citelli, 408-654-0970
© 2017 Canjex Publishing Ltd. All rights reserved.