TMCnet News
8x8 acquires Central HostMay 10, 2010 (Datamonitor via COMTEX) -- 8x8, a developer of telecommunication services and technology for IP telephony and video applications, has acquired Central Host, a provider of managed hosting services and cloud-based computing solutions. Under terms of the acquisition agreement, 8x8 paid $1 million in cash and issued 432,276 shares of common stock not registered for sale to Central Host's sole shareholder. Central Host has relocated to 8x8's Sunnyvale, California headquarters and will combine its operations with 8x8's existing network operations center, sales, customer service and data center operations. Central Host currently operates three data centers in Silicon Valley and one data center in New York City. Bryan Martin, chairman and CEO of 8x8, said: "Adding managed hosting and cloud computing services to our business service offerings is an ideal extension of our current business. Central Host's customers are ideal targets for 8x8's communications services, and we believe that many of 8x8's existing customers will benefit from the performance attributes and disruptive pricing of the Central Host offerings." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |