Key Developments: 8x8 Inc (EGHT.O)

EGHT.O on Nasdaq

21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

8x8 Inc's 8x8 Solutions accepted as supplier on UK G-Cloud 5 Framework
Tuesday, 17 Jun 2014 07:00am EDT 

8x8 Inc:Says it has been accepted as supplier by Crown Commercial Services (CCS) on CCS' recently announced G-Cloud 5 framework.G-Cloud is UK Government initiative to encourage the adoption of cloud services across the whole of the public sector.  Full Article

8x8 Inc and KnoahSoft partner to deliver Cloud-Based contact center quality management solution
Thursday, 8 May 2014 08:15am EDT 

8x8 Inc:Partners with KnoahSoft to deliver bundled, cloud-based contact center solution.New offering combines KnoahSoft' s enterprise-level interaction recording, quality management, coaching, learning, and analytics functionality with 8x8's multi-channel customer interaction management capabilities.  Full Article

McDonnell and Associates reduces costs, enables mobility and improves efficiency with 8x8 Inc's Cloud Communications
Tuesday, 22 Apr 2014 08:15am EDT 

8x8 Inc:Says McDonnell and Associates, is connecting seven offices and dozens of remote workers using 8x8 Virtual Office cloud communications services.McDonnell and Associates first installed 8x8 service at its Columbia offices and at the locations of remote employees.Full deployment took less than 30 days.  Full Article

8x8 Inc Partneres with Teleopti
Tuesday, 18 Mar 2014 08:16am EDT 

8x8 Inc:Partneres with Teleopti for contact centers to deliver cloud-based Virtual Contact Center and Workforce Management solution.  Full Article

8x8 Inc receives patent related to Virtual Contact Center technologies
Thursday, 2 Jan 2014 08:16am EST 

8x8 Inc:Says it has been awarded a new patent related to its Virtual Contact Center technologies.Says on Dec. 31, 2013, the U.S. Patent and Trademark Office issued United States Patent number 8,619,967 entitled Networked Contact Center.Says the new patent is a continuation of United States Patent number 8,275,116 which was awarded to 8x8 on Sept. 25, 2012.  Full Article

8x8 Inc completes acquisition of UK-Based Voicenet Solutions
Monday, 2 Dec 2013 04:05pm EST 

8x8 Inc:Says it has completed the acquisition of UK-based Voicenet Solutions, Inc. for $18.4 million in cash.  Full Article

8x8 Inc Announces Closing of Common Stock Offering and Exercise of Underwriters’ Option to Purchase Additional Shares
Wednesday, 20 Nov 2013 11:38am EST 

8x8 Inc announced the closing of its underwritten registered public offering of an aggregate of 14,375,000 shares of its common stock, including 1,875,000 shares of common stock sold pursuant to the full exercise by the underwriters of their option to purchase additional shares. All of the shares were sold at a price to the public of $9.25 per share. The aggregate net proceeds to the company from this offering are approximately $126 million, after deducting underwriting discounts and commissions and estimated offering expenses. BofA Merrill Lynch, Barclays, and Deutsche Bank Securities were the joint book-running managers for the offering. Needham & Company, Craig-Hallum Capital Group, and Dougherty & Company were the co-managers for the offering.  Full Article

8x8 Inc Announces Pricing Of Common Stock Offering
Friday, 15 Nov 2013 03:13am EST 

8x8 Inc announced the pricing of a public offering of 12,500,000 shares of its common stock at a price to the public of $9.25 per share. In addition, 8x8 has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of its common stock. 8x8 will receive all of the proceeds from the sale of these shares. The offering is expected to close on November 20, 2013. BofA Merrill Lynch, Barclays, and Deutsche Bank Securities are acting as joint book-running managers for the offering. Needham & Company, Craig-Hallum Capital Group, and Dougherty & Company are acting as co-managers for the offering.  Full Article

8x8 Inc Enters Into Share Purchase Agreement With The Shareholders And Optionholders Of Voicenet Solutions Limited-Form 8-K
Wednesday, 13 Nov 2013 06:02am EST 

8x8 Inc reported in its Form 8-K that on November 11, 2013, the Company entered into a share purchase agreement with the shareholders and optionholders of Voicenet Solutions Limited (Voicenet), a provider of cloud communications and collaboration services in the United Kingdom (the Transaction). The agreement provides for 8x8 to purchase all of the shares of Voicenet for approximately $18.4 million in cash, of which approximately $15.4 million would be paid at closing and the remaining $3.0 million would be placed in escrow and eligible for release to the Voicenet shareholders and optionholders in installments on the first and second anniversaries of the closing date. The shares of Voicenet would be acquired and held by a wholly-owned subsidiary of 8x8 recently formed in the United Kingdom, such that Voicenet would become an indirect, wholly-owned subsidiary of 8x8 upon the closing of the Transaction. The Transaction is expected to close by the end of the current fiscal quarter and is subject to customary closing conditions.  Full Article

8x8 Inc Signs Definitive Agreement To Acquire UK-Based Voicenet Solutions
Monday, 11 Nov 2013 08:15am EST 

8x8 Inc announced that it has signed a definitive agreement to acquire privately-held Voicenet Solutions, one of the providers of cloud business telephony and communications services in the United Kingdom, for $18.4 million in cash. The transaction is subject to customary closing conditions and is expected to close before the end of the calendar year.  Full Article

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