Cloud VoIP (hosted VoIP) service provider 8×8 did everything but go to Disneyworld last month. The company announced a new milestone in subscribers, its stock will be tracked on the Russell 3000, it acquired Zerigo, and announced a new channel program.
On May 31, 2011, 8×8 had more than 25,000 businesses subscribing to its services, which include cloud VoIP, video conferencing, UC, and managed hosting services. Chairman/CEO Brian Martin said the company has experienced “healthy” 24 percent year-over-year growth in revenue from business customers and he expects to scoop up more businesses who are ditching legacy circuit-switched solutions in 2011 and 2012.
The Russell 3000 Index is a “broad market” index, and the financial firm was expected to add 8×8 into the index on June 24th.
On June 17 or June 20 (the press release has one date, and talks about another date in the body), 8×8 announced it acquired Zerigo, a Littleton, Colorado-based company providing virtual private servers, managed DNS services, and monitoring tools for cloud-based server operations. Financial terms of the deal were not disclosed, so we’ll have to wait to see what the SEC filings deliver.
This is the second hosting-ish company 8×8 has purchased. Back in May 2010, 8×8 purchased Central Host.
Rounding out the month, 8×8 launched its Business Partner Program, a new channel program to entice agents, resellers, and traditional hardware VARs to sell its cloud-based solutions – like VoIP, Zerigo, and Central Point. VARs and system integrators will get an opportunity to get one-time bounties on initial orders, monthly residual payments, and commission on equipment accompanying the sale; it’s the monthly recurring revenue that should pique the interest of resellers.