8X8 INC /DE/ acquired DXI Group Limited for approximately $22.5 million, a transaction completed in May 2015, structured as cash.
DXI Group Limited operates in SaaS contact center / workflow (UK), is based in United Kingdom. DXI (DXI Limited together with API Telecom, Easycallnow and RAS Telecom) provided SaaS for call-center solution workflows in the UK. 8x8, through its UK subsidiary, bought the entire share capital for approximately $22.5 million, with a portion held in escrow. 8x8 later re-evaluated the product strategy, discontinuing the ContactNow stand-alone product and recording a $9.5 million impairment of DXI goodwill and other assets in fiscal 2018.
Deepen cloud contact-center capability and UK/European operations. (The technology was later repositioned and partially impaired as 8x8 changed its product and marketing strategy.)
8x8 UK / contact center
Advisory firms were not disclosed for this transaction.