8x8, Inc. (NASDAQ: EGHT), provider of cloud-based business phone service and unified communications, announced that effective Friday, February 8, listing of the company's common stock has been transferred to the NASDAQ Global Select Market, the highest of the three market tiers at NASDAQ. The NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world, with measures including market value, liquidity and earnings.
“We’re proud to have met the stringent financial and corporate governance standards that qualify us for the NASDAQ Global Select Market,” said 8x8 Chairman & CEO Bryan Martin. “This recognition validates our financial strength, sound management and long term potential for sustainable growth. We remain sharply focused on building value for shareholders by executing on our strategy of developing and delivering industry-leading cloud communications services to small and mid sized businesses.”
Listing on the NASDAQ Global Select Market is reserved for companies that meet quantitative and qualitative listing standards that reflect demonstrated commitments to leadership and good governance. Prior to the change, the Company had been listed on the NASDAQ Capital Market.
About 8x8, Inc.8x8 Inc. (NASDAQ: EGHT) empowers business conversations for more than 30,000 small and medium sized businesses with cloud communications services that include hosted PBX phone service, unified communications, call center software and video conferencing solutions. In 2012, the company was recognized in the “Leaders” quadrant of Gartner’s 2012 Magic Quadrant for Unified Communications as a Service and was named No. 1 Provider of Hosted IP Telephony by Frost & Sullivan. 8x8 has been delivering business communications services since 2004 and has garnered a reputation for technical excellence and outstanding reliability. For additional information, visit www.8x8.com, or connect with 8x8 on Facebook and Twitter. About NASDAQ OMX: The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook ( www.facebook.com/NASDAQ) and Twitter ( www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).