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8×8 to Acquire Fuze to Bolster XCaaS R&D

December 1, 2021

Via: No Jitter

This morning, 8×8 announced it was acquiring Fuze for $250 million, paid with a half-cash and half-stock option. Rumored to be for sale for several years, Fuze finds a home with this purchase.

The purchase price seems very modest considering the company raised $494 million in funding over nine rounds, the latest in January 2021. While this is bad news for investors of Fuze, it’s outstanding for 8×8. It adds about $130 million in revenue, approximately 250 R&D engineers, and a decent-size customer base that’s shifted from small businesses to enterprise-class over the past several years for only $125M in actual cash, with the rest being stock.

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