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Statement from the 8x8 Board of Directors

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(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

The Board of Directors at 8x8 (NYSE: EGHT) expressed gratitude to Vik Verma for his leadership over seven years, during which he established a $500M SaaS platform serving over 1.3M users and contributing $1.5B in market capitalization. The transition plan is set, with Verma taking on advisory roles. He emphasized the company's customer-centric values and expressed confidence in the team's future success.

Positive
  • Built a $500M SaaS business with over 1.3M licensed users.
  • Added $1.5B in market capitalization during his tenure.
  • Strong transition plan with Vik Verma remaining as an advisor.
Negative
  • None.

CAMPBELL, Calif.--()--The Board of Directors at 8x8, Inc. (NYSE: EGHT) would like to thank Vik Verma for his vision and dedication to transforming the 8x8 product and business over the past seven years. Vik is a high-integrity, high-energy leader who built a $500M SaaS business with a vibrant customer base of over 1.3M licensed users, added more than $1.5B of market capitalization and leaves us with both an excellent platform and healthy business. We look forward to working with Vik through this transition and wish him the very best in his future endeavors.

“It has been an honor and a privilege to lead the 8x8 team over the past seven years as we’ve built the world’s best cloud communications platform,” said Vik Verma. “Our success is founded upon our employees and values, foremost of which is delighting our customers. I look forward to assisting as an advisor during the transition and am confident that Dave and the 8x8 team will take our current success to the next level.”

About 8x8, Inc.

8x8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software-as-a-Service provider of voice, video, chat, contact center, and API solutions powered by one global cloud communications platform. 8x8 empowers workforces worldwide to connect individuals and teams so they can collaborate faster and work smarter. Real-time business analytics and intelligence provide businesses unique insights across all interactions and channels so they can delight end-customers and accelerate their business. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter and Facebook.

8x8® and 8x8 X Series™ are trademarks of 8x8, Inc.

Contacts

8x8, Inc. Contacts:
Media:
John Sun, 1-408-692-7054
john.sun@8x8.com

Investor Relations:
Victoria Hyde-Dunn, 1-669-333-5200
victoria.hyde-dunn@8x8.com

FAQ

What recent leadership change occurred at 8x8 (EGHT)?

Vik Verma stepped down after seven years, and the Board of Directors thanked him for his contributions.

What achievements did Vik Verma accomplish at 8x8?

He led the company in building a $500M SaaS business and increased market capitalization by $1.5B.

What role will Vik Verma have following his departure from 8x8?

He will serve as an advisor during the transition period.

How many users does 8x8 serve?

8x8 serves over 1.3 million licensed users.

8x8, Inc.

NASDAQ:EGHT

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CAMPBELL