8X8 INC /DE/ acquired Fuze, Inc. for approximately $250 million (approximately $130 million cash and $120 million in 8x8 common stock), a transaction completed in January 2022, structured as cash and stock.
Fuze, Inc. operates in Enterprise cloud communications (UCaaS), is based in United States (Cambridge, Massachusetts), with global operations including continental Europe. Fuze was a provider of cloud-based unified communications for the enterprise, with global operations spanning unified communications and contact center. 8x8 folded Fuze into its XCaaS (eXperience Communications as a Service) platform to add scale, a larger enterprise customer base, and a stronger presence in continental Europe. The disclosed consideration of roughly $250 million was split about $130 million cash and $120 million stock, with up to $130.2 million earmarked to retire Fuze debt and pay out non-accredited holders.
Accelerate the XCaaS platform with more R&D, engineering and support resources; expand the enterprise customer base and global footprint (especially continental Europe); and open cross-sell into 8x8's contact center and CPaaS products as 8x8 drove toward a $1 billion revenue SaaS business.
Cross-sell of 8x8 omnichannel contact center and CPaaS into Fuze's enterprise base; expanded European presence. Integrated into the 8x8 XCaaS platform
The migration to cloud-based communications and engagement is accelerating as organizations worldwide shift to hybrid work models, creating a multi-billion dollar opportunity. The acquisition of Fuze expands our operational scale and extends our global presence as we meet enterprise demand for our XCaaS integrated UCaaS and CCaaS solution.Dave Sipes, CEO, 8x8
Combining resources and expertise with 8x8 is a natural fit, bringing with it needed scale and accelerating the pace of product innovation with differentiated solutions that capitalize on this massive opportunity.Brian Day, CEO, Fuze
Advisory firms were not disclosed for this transaction.