Thursday, May 6, 2010

8x8 Acquires Central Host

8x8 has acquired Central Host, Inc., a Los Gatos, California-based provider of managed hosting services and cloud-based computing solutions, for $1 million in cash and 432,276 shares of common stock. Central Host claims approximately $1 million of annual revenue.

Central Host has relocated to 8x8's Sunnyvale, California headquarters and will combine its operations with 8x8's existing Network Operations Center (NOC), sales, customer service and data center operations.

"Adding managed hosting and cloud computing services to our business service offerings is an ideal extension of our current business," said Bryan Martin, Chairman and Chief Executive Officer of 8x8, Inc. "We are excited to provide additional enterprise-class services to our customer base, giving us multiple best-of-breed offerings to sell to the same installed base. Central Host's customers are ideal targets for 8x8's communications services, and we believe that many of 8x8's existing customers will benefit from the performance attributes and disruptive pricing of the Central Host offerings. We look forward to discussing the synergies and benefits of this acquisition during our fourth quarter and full-year results earnings conference call on May 19, 2010."http://www.8x8.comhttp://