Blog Exposure - 8x8 Acquires AI-Powered Startup MarianaIQ

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LONDON, UK / ACCESSWIRE / May 17, 2018 / If you want access to our free research report on 8x8, Inc. (NYSE: EGHT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EGHT as the Company's latest news hit the wire. On May 15, 2018, the Company announced that it has acquired MarianaIQ ("MIQ"), a high-growth Silicon Valley startup, as part of the strategic investments it has been making in AI and Machine Learning. The financial terms of the transaction remained undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Deal Benefits

MIQ brings deep learning capabilities to the newly announced 8x8's X Series to transform both employee and customer experience. The MIQ team has been a leader in applying AI and deep learning to practical business problems since 2013, and will strengthen 8x8's AI capabilities for enterprise communications.

By infusing MIQ's deep learning capabilities into 8x8's X Series, contact center agents can have detailed information on previous interactions, complete customer history, and a 360-degree context before they even start a conversation.

Agreement will Strengthen 8x8's Market Leadership in $40 Billion-Dollar Enterprise Engagement Management Market

Dejan Deklich, Chief Product Officer of 8x8, stated that with the acquisition of MarianaIQ, the Company is fundamentally transforming how customers and employees interact through one system of engagement, and how companies optimize valuable moments of customer engagement with one set of data in one system of intelligence. Deklich added that 8x8 is thrilled to add top notch AI talent to strengthen 8x8's market leadership in the $40 billion-dollar enterprise engagement management market.

Acquisition of MarianaIQ is the Right Investment in Making X Series a Single System of Engagement and Intelligence

Bryan Martin, Chief Technical Officer of 8x8, stated that acquisitions remain a key part of the Company's strategy to continuously innovate and disrupt the enterprise communications space. 8x8 acquired the Sameroom™ platform last year to enhance the team collaboration capabilities, and the Company is one of the very few players offering an interoperable chat system that can speak to Slack, Stride, and other enterprise-level chat applications. Martin added that the acquisition of MarianaIQ is the right investment in making X Series a single system of engagement and intelligence to deliver exceptional experience for both employees and customers.

8x8's Last Acquisition Deal

In May 2017, the Company completed the acquisition of LeChat, Inc., the maker of Sameroom™, which is an interoperability platform that enables cross-team messaging and collaboration in the enterprise. The acquisition catapulted 8x8 into an industry-unique position in the team collaboration market by providing interoperability between more than two dozen team collaboration clients, as part of the 8x8 Communications Cloud™. The Sameroom™ platform further strengthened the Company's cloud communications capabilities and provided employees, customers, and partners with the ability to collaborate across disparate team messaging solutions, as well as the capability to launch 8x8 communication services from within these apps.

About 8x8, Inc.

Founded in 1987 and headquartered in San Jose, California, 8x8 is a leading provider of cloud phone, meeting, collaboration, and contact center solutions with over a million business users worldwide. 8x8 helps enterprises engage at the speed of employee and customer expectations by putting the collective intelligence of the organization in the hands of every employee.

Stock Performance Snapshot

May 16, 2018 - At Wednesday's closing bell, 8x8's stock rose 3.25%, ending the trading session at $22.25.

Volume traded for the day: 729.69 thousand shares, which was above the 3-month average volume of 652.90 thousand shares.

Stock performance in the last month – up 14.99%; previous three-month period – up 23.61%; past twelve-month period – up 60.65%; and year-to-date - up 57.80%

After yesterday's close, 8x8's market cap was at $2.05 billion.

The stock is part of the Technology sector, categorized under the Diversified Communication Services industry. This sector was up 0.3% at the end of the session.

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