8x8

8x8

Cloud communications and collaboration platform

About 8x8

Simplify's Rating
Why 8x8 is rated
A
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A+ on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Campbell, California

Founded

1987

Overview

8x8 provides cloud communication and collaboration services to businesses worldwide, offering a suite of tools that enhance both customer engagement and internal communications. Their main product, the 8x8 Experience Communications Platform, combines voice, video, chat, and contact center solutions into one platform, ensuring high call quality and reliable service. Unlike many competitors, 8x8 emphasizes 24/7 customer support in multiple languages and offers customized solutions to meet specific business needs. The company operates on a subscription model, allowing clients to access its services for a recurring fee, which supports scalability as businesses grow. 8x8 also provides advanced analytics to help businesses improve their customer experience. Their goal is to deliver secure, integrated communication tools that help businesses enhance their communication strategies.

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Simplify's Take

What believers are saying

  • AI-powered transcriptions enhance customer service efficiency and reduce manual workload.
  • Partnership with Descope enhances security measures, boosting customer trust and compliance.
  • 8x8 Aftersale Assist helps retailers reduce returns and improve customer satisfaction.

What critics are saying

  • Increased competition from companies like Five9 could impact 8x8's market share.
  • New executive appointments may lead to strategic shifts misaligned with market demands.
  • Reliance on AI solutions may face challenges with data privacy regulations.

What makes 8x8 unique

  • 8x8 holds over 125 patents, showcasing its innovation in cloud communications.
  • Recognized by Gartner as a leader in Unified Communications for eight consecutive years.
  • 8x8 Experience Communications Platform unifies customer engagement and internal communications seamlessly.

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Funding

Total Funding

$703.1M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Company News

Communicare PR
Mar 4th, 2025
8x8 Recognized as Best Performing Vendor 2024 by DANA Indonesia

8x8, Inc. (NASDAQ: EGHT), the industry's most integrated Platform for CX that combines Contact Center, Unified Communication, and CPaaS APIs, today announced that it had been honored as one of the Best Performing Vendors 2024 by DANA Indonesia, one of the largest and most influential digital wallet providers in Indonesia.

Comms Business
Feb 19th, 2025
8x8 names McStravick as vice president of EMEA sales

8x8 has appointed Joe McStravick as its new vice president of EMEA sales.

Directors Club
Feb 17th, 2025
8x8 Announces 8x8 Aftersale Assist

8x8, Inc., the industry's most integrated Platform for CX that combines Contact Centre, Unified Communication, and CPaaS APIs, announced the 8x8 Aftersale Assist(TM) solution enabling retailers to reduce returns, improve customer experiences, and drive revenue growth.

TMCnet
Jan 8th, 2025
8x8 Appoints Joel Neeb as Chief Transformation and Business Operations Officer

Additionally, 8x8 recently announced the 8x8 platform for CX, which seamlessly unites contact center, unified communications, and communication apis to help organizations connect customers and teams globally, empowering CX and IT leaders with ai-powered performance and insights to make smarter decisions, delight customers, and drive lasting business impact.

HR Tech Wire
Jan 8th, 2025
8x8 Appoints Joel Neeb as Chief Transformation and Business Operations Officer

8x8, Inc. (NASDAQ: EGHT), the industry's most integrated Platform for CX that combines Contact Center, Unified Communication, and CPaaS APIs, today announced the appointment of Joel Neeb as Chief Transformation and Business Operations Officer.

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