8x8 moves to NASDAQ's highest tier
Feb 12, 2013 (TELECOMWORLDWIRE via COMTEX) --
8x8, Inc. (NASDAQ: EGHT) said that effective Friday, February 8, listing of the company's common stock was 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.
8x8 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 centre software and video conferencing solutions. For additional information, visit www.8x8.com.
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