Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 12:01 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #90. 8x8, Inc. — Voicenet Solutions
Acquirer:
8x8, Inc. (NASDAQ:EGHT)
Acquiree:
Voicenet Solutions
Details:
8x8, Inc. (NASDAQ:EGHT), a provider of cloud communications and collaboration solutions to more than 35,000 business customers, today announced it has signed a definitive agreement to acquire privately-held Voicenet Solutions, one of the leading 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.
8x8 is a provider of software-as-a-service solutions for contact center, voice communications, video meetings, employee collaboration, and embeddable communication APIs. Co.'s solutions include: 8x8 Work, which is an end-to-end United Communications as a service solution that delivers enterprise-grade voice with public switched telephone network connectivity; 8x8 Contact Center, which is a multi-channel cloud-based contact center solution; and 8x8 communications platform-as-a-service, which enables businesses to directly integrate Co.'s platform services within their websites, mobile apps and business systems for personalized customer engagement.
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Avg. Broker Rec.
 
|
Buy (2.54 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: EGHT Stock Forecast Based on Zacks ABR data; powered by Xignite |
