8x8 Inc, listed as EGHT on the NASDAQ, is a renowned technology company recognized globally for its innovative solutions pertaining to Voice over IP products. The company headquartered in San Jose, California, is in the business of providing Voice over Internet Protocol (VoIP) products - including cloud-based phone systems, contact center services, video conference tools, and team messaging solutions.
8x8 Inc was initiated in 1987 and was originally named Integrated Information Technology, Inc. The primary operations were semiconductor technology-based. However, the company had a revolutionary turn in the late 1990s when they recognized the potential of the internet's emerging capabilities in communication technology. Following this pivotal shift in focus, they began developing and selling VoIP (Voice over Internet Protocol) technology.
One of the striking attributes of 8x8 Inc. is its commitment to providing cloud-based communication solutions for businesses of all sizes. Their product suite showcases a range of offerings including 8x8 Voice for Microsoft Teams, 8x8 Video Meetings, 8x8 Team Messaging, and 8x8 X Series (which consolidates voice, video, chat, and contact center solutions in one platform). Hence, 8x8 Inc. has positioned itself as a one-stop-shop for businesses seeking to digitize and streamline their communication infrastructures.
The global clientele of 8x8 Inc includes small to medium-sized businesses as well as large multinational companies spanning across various industry verticals. Notable organizations utilizing 8x8 Inc's services include McDonald's, Shimano, and Farmers Insurance.
In recent years, 8x8 Inc. has achieved numerous accolades reaffirming its impact within the industry. For example, it secured the position in Gartner’s Magic Quadrant for UCaaS (Unified Communication as a Service), a testimony to its innovative offerings and robust growth strategy.
The company's stock, under the ticker name EGHT, is publicly traded on the NASDAQ offering interested parties and investors an opportunity to share in the financial returns of the company. Undoubtedly, 8x8 Inc's services are designed to meet the changing communication needs of businesses in the digital age, making it a company to watch in the technology sector.