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MarketScreener Homepage  >  Equities  >  Nyse  >  8x8, Inc.    EGHT

8X8, INC.

(EGHT)
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8x8 : Video Meetings Solutions Cross 10 Million Monthly Active Users; Jitsi Community to Unveil Next Steps in Secure Video Meetings

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04/10/2020 | 08:16am EDT

Raises the Bar on Video Conferencing Security Driven by Demand from Individuals, Businesses and Organizations

8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today announced significant growth in usage across 8x8 video meetings solutions, including meet.jit.si and the 8x8 Video Meetings platform, with global monthly active users now surpassing more than 10.4 million. The company also announced an upcoming webcast to discuss the Jitsi open-source community’s next steps to raise the bar for secure WebRTC-based video meetings.

8x8 Video Meetings, powered by Jitsi, is part of 8x8 X Series, an enterprise-grade cloud communications, video collaboration and contact center solution built on a modern, open cloud technology platform, and is also available as a free and unlimited standalone service at 8x8.vc. The video meetings technology has been battle hardened by the Jitsi open-source developer community, designed from the start to provide strong levels of privacy and security for everyone from anonymous free users to enterprise organizations by offering robust encryption, randomized meeting names and password protection.

“There has been a huge increase in mobile and remote working as organizations need to ensure business resiliency while keeping employees safe, secure and productive due to the current global situation,” said Vik Verma, Chief Executive Officer at 8x8, Inc. “The phenomenal growth during the past two months in usage across our video meetings solutions demonstrates the importance of security and privacy amongst individuals, businesses and organizations.”

8x8 will host a webcast on Tuesday, April 14 at 10am PT / 1pm ET with Ray Wang, Principal Analyst, Founder and Chairman of Constellation Research, and Emil Ivov, Ph.D., Founder of the Jitsi.org open-source project and the head of 8x8 Video Collaboration, to discuss the importance of open-source video security for all, and why today’s encryption and upcoming advanced capabilities are critical for highly-sensitive information and meetings. Register for the webcast at Secure Video Meetings for All.

More than 10.4 Million Video Meetings Monthly Active Users Worldwide

8x8 is the main contributor to the Jitsi.org open-source solution, and the standalone and integrated versions of 8x8 Video Meetings are powered by Jitsi. The Jitsi.org code has been hardened with over a million downloads and in applications like banking video conferencing, education as a service platforms, and home security applications globally. 8x8 Video Meetings utilizes the WebRTC standard which enables attendees to instantly join meetings without any downloads or plugins. The free, standalone version of 8x8 Video Meetings is available at https://8x8.vc, and includes international dial-in numbers in more than 55 countries.

8x8 Video Meetings is also packaged with 8x8 X Series for businesses that have a mobile and remote workforce requiring a highly reliable and resilient solution across desktop and mobile devices for voice, video, chat, contact center, APIs and advanced analytics. It is also offered with 8x8 Express, which is for small organizations and teams that require a complete, preconfigured business phone system with a dedicated business number, video meetings and messaging in a single desktop and mobile application.

8x8 has experienced a significant increase in usage across its video meetings solutions, including meet.jit.si and 8x8 Video Meeting solutions, with monthly active users1 growing globally to more than 10.4 million. For the latest 8x8 video meetings solutions usage statistics, user stories and social posts updated daily, visit https://www.8x8.com/live.

1 A Monthly Active User is defined as a unique user who attended at least one meeting, with at least one other attendee, in the last 30 days.

About 8x8, Inc.

8x8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software-as-a-Service provider of voice, video, chat, contact center, and enterprise-class API solutions powered by one global cloud communications platform. 8x8 empowers workforces worldwide to connect individuals and teams so they can collaborate faster and work smarter. Real-time business analytics and intelligence provide businesses unique insights across all interactions and channels so they can delight end-customers and accelerate their business. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter and Facebook.

8x8® and 8x8 X Series™ are trademarks of 8x8, Inc.


© Business Wire 2020
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Financials (USD)
Sales 2021 521 M - -
Net income 2021 -128 M - -
Net cash 2021 134 M - -
P/E ratio 2021 -11,9x
Yield 2021 -
Capitalization 1 527 M 1 527 M -
EV / Sales 2020
EV / Sales 2021 2,68x
Nbr of Employees 1 675
Free-Float 96,8%
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Vikram Verma Chief Executive Officer & Director
Bryan R. Martin Chairman & Chief Technology Officer
Steven H. Gatoff Chief Financial & Accounting Officer
Eric C. Salzman Independent Director
Jaswinder Pal Singh Lead Independent Director
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