Brief: 8x8 to acquire assets from Quality Software

8x8

04/06/2015 13:15

June 4 (Reuters) - 8x8 Inc  EGHT.O : 
 * Signs definitive agreement to acquire assets from quality software 
   corporation to bring cloud-native suite of contact center quality management 
   capabilities to the enterprise 
 * Says stock portion will be paid out over four years assuming certain 
   conditions are met 
 * Says deal for $3 million in cash and $1.3 million in stock compensation 
 * Says believes that fiscal 2016 revenue will range from $202 million-$206 
   million 
 * As part of transaction with qsc, 8x8 intends to hire qsc's chief executive 
   officer, ryan morrissey, and company's development team in Romania 
 * Says believes that fiscal 2016 non-GAAP net income will be approximately 6% 
   of revenue 
 
* Source text for Eikon  ID:nBw3hyYsFa  
 
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