Acquisition Extends 8x8’s Global Reach® Strategy and Accelerates
Delivery of Line Of Business Communications Solutions For Highly
Personalized Customer Engagement
Company Website:
http://www.8x8.com
SAN JOSE, Calif. -- (Business Wire)
8x8, Inc. (NASDAQ:EGHT), a leading provider of cloud-based unified
communications and contact center solutions, today announced the company
has signed a definitive agreement to acquire privately-held DXI
Ltd., a UK-based leader and innovator in cloud-based outbound and
blended contact center solutions, for £16.5 million in cash and stock
with a portion of the purchase price being paid out over four years. The
transaction is expected to close before the end of the month. 8x8 plans
to bring DXI services and solutions to the U.S. market by the end of
2015.
DXI is an innovative solution provider in the contact center market.
EasyContactNow, DXI’s product, enables customers to easily try, buy,
deploy, and adapt services without the complexity and constraints
experienced with traditional systems. DXI’s management team has 80 years
of combined expertise in communication technology, which has helped the
company build a solid business with demonstrated market traction—
securing major global and regional customers, ranging from SMEs to
global enterprises.
"The acquisition of DXI enables 8x8 to continue to boost its European
expansion efforts and further position the company as a leader in cloud
contact center solutions as we continue to penetrate the mid-market and
enterprise," said Vik Verma, Chief Executive Officer of 8x8. “With DXI’s
strong UK contact center market presence and outstanding technical
team, 8x8 can broaden its European footprint, offer a frictionless,
online sales approach for agile contact centers and line-of-business
buyers, and add a stellar team passionate about bringing next-generation
contact center innovations to market.”
"8x8 continues to increase its focus on the contact center market, and
DXI’s offerings are highly complementary to our existing Virtual Contact
Center solutions,” Verma continued. “The DXI integration accelerates our
ability to bring strong outbound capabilities and uniquely personalized,
high-touch customer engagement capabilities to key lines of business and
workgroups within larger organizations. Most importantly, we embrace a
shared vision that easy-to-use, highly responsive customer engagement
capabilities are critical for all employees throughout the organization.”
"We are pleased to be part of the 8x8 team during such an exciting time
for the company, with its outstanding U.S. reputation, strong momentum
in the mid-market and formidable, growing international presence," said
Luca Pepere, DXI CEO. “Over the last couple years, we have seen an
inflection point for cloud communications, and the contact center
continues to evolve from a stand-alone cost center to a critical
organization-wide business asset. This market shift will propel the next
phase of our business, and together, we will drive a new level of
disruption in business communications.”
About 8x8, Inc.
8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable
enterprise cloud communications solutions to more than 40,000 businesses
operating in over 40 countries across six continents. 8x8's
out-of-the-box cloud solutions replace traditional on-premises PBX
hardware and software-based systems with a flexible and scalable
Software as a Service (SaaS) alternative, encompassing cloud business
phone service, contact center solutions, and conferencing. For
additional information, visit www.8x8.com,
or www.8x8.com/UK or connect
with 8x8 on Google+, Facebook,
LinkedIn and Twitter.
Forward Looking Statements
This news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
Section 21E of the Securities Exchange Act of 1934. These statements
include, without limitation, information about future events based on
current expectations, potential product development efforts, near and
long-term objectives, potential new business, strategies, organization
changes, changing markets, future business performance and outlook. Such
statements are predictions only, and actual events or results could
differ materially from those made in any forward-looking statements due
to a number of risks and uncertainties. Actual results and trends may
differ materially from historical results or those projected in any such
forward-looking statements depending on a variety of factors. These
factors include, but are not limited to, market acceptance of new or
existing services and features, success of our efforts to target
mid-market and larger distributed enterprises, changes in the
competitive dynamics of the markets in which we compete, customer
cancellations and rate of churn, impact of current economic climate and
adverse credit markets on our target customers, our ability to scale our
business, our reliance on infrastructure of third-party network services
providers, risk of failure in our physical infrastructure, risk of
failure of our software, our ability to maintain the compatibility of
our software with third-party applications and mobile platforms,
continued compliance with industry standards and regulatory
requirements, risks relating to our strategies and objectives for future
operations, including the execution of integration plans and realization
of the expected benefits of our acquisitions, the amount and timing of
costs associated with recruiting, training and integrating new
employees, introduction and adoption of our cloud communications and
collaboration services in markets outside of the United States,
compliance with international regulations, and general economic
conditions that could adversely affect our business and operating
results. For a discussion of such risks and uncertainties, which could
cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in the Company’s reports
on Forms 10-K and 10-Q, as well as other reports that 8x8, Inc. files
from time to time with the Securities and Exchange Commission. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and 8x8, Inc. undertakes no obligation to update
publicly any forward-looking statement for any reason, except as
required by law, even as new information becomes available or other
events occur in the future.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150527005455/en/
Contacts:
Press Contacts for 8x8:
Jodi Guilbault, 415-987-4970
jguilbault@comcast.net
or
Joan
Citelli, 408-654-0970
Joan.citelli@8x8.com
Source: 8x8
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