8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based
, contact center and collaboration solutions, today announced that Raghavan (Ragh) Sarathy has been appointed to the newly created role of Vice President of Finance, effective July 14, 2014. Mr. Sarathy most recently served as vice president/senior equity analyst of enterprise software at Dougherty & Co. LLC and brings over 20 years of experience in SaaS and enterprise software markets to 8x8.
In this new 8x8 executive role reporting to CFO Dan Weirich, Mr. Sarathy will contribute his deep financial knowledge of SaaS business models and hands-on operational expertise in software based organizations to the company’s strategic growth initiatives in the Unified Communications as a Service (UCaaS) industry.
“Ragh will be a tremendous asset to 8x8’s senior management team as the company continues to set the standard in the mid-market with the industry’s most secure and reliable cloud-based telephony, UC and contact center offering,“ said 8x8 CEO Vik Verma. “His expertise analyzing the financial and operational performance of dozens of successful SaaS companies alongside real world business experience are the ideal combination to position the company for continued success and we are thrilled to welcome him to the 8x8 team.”
“As one of the top names in my equity research coverage universe, 8x8 has impressed me year after year with its innovative technology, consistently solid growth, strong fiscal management and ability to successfully execute on its strategic goals, most notably its move upmarket,” said Ragh. “Mid-market and distributed enterprise customers are rapidly transitioning to cloud-based communications services and 8x8 has all of the ingredients needed to capture the lion’s share of this market segment. I am very pleased to become a part of the senior management team and look forward to contributing to the company’s future expansion and growth in the U.S. and abroad.”