In recent years, thousands of small to medium-sized businesses across the country have been choosing innovative, cloud-based services from 8x8, Inc. (NASDAQ:EGHT) for their essential business communications needs. In fact, 8x8’s customer base has grown from approximately 17,000 businesses in mid-2009 to more than 30,000 businesses today.
To support this growth, 8x8 today formally opened new headquarters at 2125 O’Nel Drive in San Jose, Calif., occupying nearly 105,000 square feet – more than double the amount of space at its former headquarters in Sunnyvale, Calif.
8x8 has experienced consistent growth in customers, revenue and profitability over the last several years due to the increased adoption of its cloud-based unified communications solutions. These hosted, turnkey offerings appeal to businesses that want to hold down their upfront capital and ongoing expenses while greatly boosting the functionality, flexibility and reach of their communications capabilities.
Recognized by Frost & Sullivan as the No. 1 Provider of IP Telephony and Unified Communications services in North America in 2011, 8x8 has seen a 30 percent average annual growth rate in revenue from business customers since 2006 and recently reported its first quarterly results with an annualized revenue run rate of more than $100 million.“We never anticipated that we would outgrow our former headquarters in only three years,” said 8x8 Chairman & CEO Bryan Martin, “especially since that facility was only a little over half full when we moved in. The success 8x8 has experienced reflects the value our customers derive from our services and the growing demand we continue to see from SMBs that want to reap the benefits of next generation cloud-based technologies.” San Jose Mayor Chuck Reed said: “I want to thank 8x8 for choosing to locate its new headquarters in San Jose, and for the new jobs and investments it will bring to our city. A leader in cloud communications solutions, 8x8 exemplifies the type of innovation that makes San Jose the Capital of Silicon Valley.”
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