Last $10.71 USD
Change Today +0.26 / 2.49%
Volume 372.6K
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8x8 inc (EGHT) Snapshot

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10/21/13 - $12.42
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04/18/13 - $6.93
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8x8 inc (EGHT) Details

8x8, Inc. provides unified communications and collaboration (UCC) services in the cloud for small and medium businesses, and mid-market and distributed enterprises. The company delivers a suite of UCC services to in-office and mobile devices spanning cloud telephony, virtual contact center, virtual meeting, and virtual desktop through a proprietary unified software-as-a-service platform. Its software abstracts complex networking, redundancy, security, and interconnection requirements to provide a solution for business customers. The company’s software also integrates with enterprise resource planning, customer relationship management, human capital management, and other third-party application suites to provide organizations an integrated business communications and collaboration experience that is critical to operate their business. Its technologies, which deliver the functionality needed to meet business communications and collaboration requirements, include the 8x8 Infrastructure Manager software and the 8x8 Integration Manager software. The 8x8 Infrastructure Manager software abstracts complex interconnectivity between Voice over IP, and public switched telephone network, enabling a turnkey UCC solution. The 8x8 Integration Manager software integrates with third-party applications, allowing customers to access data while communicating with their clients or collaborating with colleagues. In addition, 8x8, Inc. sells Polycom IP phones and Polycom IP speakerphones, and Cisco IP Phones. The company markets its services under the 8x8 brand to end users through direct sales force, Website, and third party resellers primarily in the United States. As of September 30, 2013, it had approximately 34,700 business customers. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.

357 Employees
Last Reported Date: 05/28/13
Founded in 1987

8x8 inc (EGHT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $260.0K
Executive Chairman, Chief Technology Officer ...
Total Annual Compensation: $275.0K
Senior Vice President of Business Development
Total Annual Compensation: $235.0K
Vice President of Marketing
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2013.

8x8 inc (EGHT) Key Developments

KC Integrated Services Implements 8x8 Inc.'s Cloud Communications Across its Geographically Distributed Organization

8x8 Inc. announced that KC Integrated Services has implemented 8x8 cloud communications across its geographically distributed organization, which spans 14 locations in Michigan, Ohio, Indiana, Kentucky, Tennessee, Mississippi and Ontario, Canada. The newly deployed 8x8 cloud-based solution replaces an outdated analog phone system that routed all communications through a central hub at the company's main office in Carleton. Whenever that office lost power or connectivity, the entire communications system failed. KC Integrated Services currently uses 8x8 cloud communications services in 14 sites across seven geographic locations. A centralized corporate directory included on every desktop lets employees quickly look up coworkers, see their status and call their extensions. Auto attendants with both day and night greetings efficiently route outside calls to the right departments. 8x8's internal chat feature and mobile app have also enhanced worker productivity. Employees who need a quick answer to a question can now use chat rather than wait for an email response. The 8x8 mobile app gives them the flexibility to make and take business calls anywhere without revealing their personal cell phone numbers.

8x8 Inc. Appoints Vladimir Jacimovic to its Board of Directors

8x8 Inc. announced the appointment of Vladimir Jacimovic to its Board of Directors, effective March 20, 2014. Previously, Mr. Jacimovic was a Partner at New Enterprise Associates (NEA).

8x8 Inc. Introduces Two New Virtual Office Service Enhancements

8x8 Inc. has introduced two new virtual office service enhancements, 8x8 Branch Office and Virtual Office Switchboard Pro. 8x8 Branch Office is a new Virtual Office feature that allows customers to segment their primary 8x8 cloud-based PBX to unique physical or logical branch offices, while still keeping those individual locations fully integrated into a single unified communications platform. System administrators are able to quickly and easily define a branch office and associate extensions from their corporate directory to that location or group. This feature is especially useful for companies with multiple geographically dispersed regional or global offices. Customers no longer need to purchase, install and maintain disparate and expensive on premise PBX equipment for their corporate headquarters and each of their individual branch locations. Branch Office enables Virtual Office customers to: define unique branch office instances, quickly associate a receptionist for each branch office, easily assign an auto attendant and unique call flows for each branch office, allow callers to opt out of leaving a voicemail and go back to the branch receptionist, or any other administrator defined extension and eliminate the need for multiple PBXs while providing overall enhanced call flow and better caller experience. 8x8 also announced Virtual Office Switchboard Pro, a powerful, web-based, multi-faceted offering that streamlines call routing and management capabilities for receptionists and other front office users. Switchboard Pro enables the receptionist to view real-time presence of all users, corporate-wide or within a branch office, all on their computer screen. This tool allows them to manage multiple incoming calls, and quickly apply call treatment options such as Call Park (public, Branch, or extension), Hold, and Call Transfer to an extension or directly to voicemail, all with the click of a mouse. Switchboard Pro also provides a platform to coordinate call coverage with other receptionists when on a break and toggle to auto attendant when no receptionist is available. Switchboard Pro can handle more active simultaneous calls than a telephone alone. Incoming calls can be answered from either the Switchboard application or from a physical handset.


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Valuation EGHT Industry Range
Price/Earnings 100.0x
Price/Sales 6.7x
Price/Book 3.3x
Price/Cash Flow 150.0x
TEV/Sales 6.0x

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