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8x8 8x8 To Acquire Fuze December 1 , 2021 Deal Accelerates 8x8 XCaaS Innovation and Global Enterprise Momentum for Integrated Cloud Communications and Contact Center Solution CAMPBELL , Calif .-- ( BUSINESS WIRE ) -- 8x8 , Inc. ( NYSE : EGHT ) , a leading integrated cloud communications platform provider , today announced that it has entered into a definitive agreement to acquire Fuze , a leader in cloud - based communications for the enterprise . Under the terms of the agreement , 8x8 will acquire Fuze for approximately $ 250 million in stock and cash , subject to certain adjustments . The acquisition will accelerate 8x8 XCaaS TM ( experience Communications as a Service TM ) innovation and expand 8x8's enterprise customer base and global presence . The transaction is expected to close during 8x8's fourth fiscal quarter , subject to the satisfaction of regulatory approvals and other customary closing conditions . " The migration to cloud - based communications and engagement is accelerating as organizations worldwide shift to hybrid work models , creating a multi - billion dollar opportunity , " said Dave Sipes , CEO at 8x8 . " Our XCaaS strategy is defining and shaping the future of the cloud communications industry as we drive innovation to help our customers meet their changing business requirements . The acquisition of Fuze expands our operational scale and extends our global presence as we meet enterprise demand for our XCaaS integrated UCaaS and CCaaS solution . " Fuze has global operations dedicated to a seamless customer experience between unified communications and contact center . Acquiring Fuze will further support innovation and development of 8x8 XCaaS , a single - vendor , integrated Unified Communications as a Service ( UCaaS ) , Contact Center as a Service ( CCaaS ) , and Communications Platform as a Service ( CPaaS ) solution . " Enterprise customers recognize the importance of an integrated UCaaS and CCaaS solution . 8x8's industry - leading XCaaS solution for an integrated employee and customer experience enables customers to advance their cloud transformation efforts as they move off legacy on - premises systems , ” said Brian Day , CEO of Fuze . " Combining resources and expertise with 8x8 is a natural fit , bringing with it needed scale and accelerating the pace of product innovation with differentiated solutions that capitalize on this massive opportunity , all of which will serve to benefit our enterprise customer base . " The acquisition will deliver strong value to customers , employees , partners , and stakeholders by : • Accelerating the XCaaS platform advantage with dramatically increased resources for research and development , engineering , and support . Expanding the enterprise customer base and global presence , especially in continental Europe . • • Providing significant cross - sell opportunities with 8x8's omnichannel contact center and CPaaS capabilities to support enterprise customer engagement efforts . Both 8x8 and Fuze are uniquely recognized in the marketplace . 8x8 was recently named a Leader and Fuze a Visionary in the 2021 Gartner® Magic Quadrant ™ for Unified Communications as a Service , Worldwide . This was the tenth consecutive year 8x8 was recognized as a Leader . 8x8 was also named a Challenger in the 2021 Gartner Magic Quadrant for Contact Center as a Service for the seventh consecutive year . Transaction Terms and Financial Impact • Approximately $ 250 million in aggregate consideration , subject to certain adjustments , composed of approximately $ 130 million in cash and $ 120 million in common stock of 8x8 . • Up to $ 130.2 million will be used to retire Fuze's debt and pay for the equity owned by non - accredited stockholders of Fuze . • 8x8 expects to file a resale registration statement for the shares be issued in connection with the transaction after the closing . 8x8 expects to remain non - GAAP profitable after the transaction closes . Conference Call and Webcast 8x8 will host a conference call today , December 1 , 2021 , at 8:30 a.m. Eastern time ( 5:30 a.m. Pacific time ) to discuss the announcement . Interested parties may access the conference call by dialing 844-200-6205 ( domestic ) or 646-904-5544 ( international ) and providing passcode 041014 . A live audio webcast of the call can be accessed from the Investor Relations section of the company's website at https://investors.8x8.com . An archived version of the webcast will be available at the same website shortly after the conclusion of the live event . About 8x8 XCaaS 8x8 XCaaS , which includes a fully integrated , cloud native contact center , voice , team chat , video meetings , and CPaaS embeddable communications and APIs capabilities in a single - vendor solution , to empower a distributed workforce , while providing adaptable solutions that meet evolving organizational needs . 8x8 XCaaS is built on the resilient , secure , and compliant 8x8 experience Communications Platform TM , which offers the highest levels of reliability and the industry's only financially backed , platform - wide 99.999 percent SLA across an integrated cloud UCaaS and CCaaS solution . About 8x8 Inc. 8x8 , Inc. ( NYSE : EGHT ) is transforming the future of business communications as a leading Software - as - a - Service provider of 8x8 XCaaS ™ ( experience Communications as a Service TM ) , an integrated contact center , voice communications , video , chat , and API solution built on one global cloud communications platform . 8x8 uniquely eliminates the silos between Unified Communications as a Service ( UCaaS ) and Contact Center as a