8×8 buys Central Host, Inc. on May 1, 2010. It acquired Central Host, Inc., a California company providing managed hosting services and cloud-based computing solutions to business customers. 8×8 paid $1 million in cash and issued 432,276 shares of common stock not registered for sale to Central Host’s sole shareholder.
“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 8×8, 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 8×8’s communications services, and we believe that many of 8×8’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.”
