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8X8 Closes Acquisition Of Fuze

Jan 18, 2022•almost 4 years ago

Acquiring Company

Fuze

Acquired Company

Fuze

Abu DhabiAbu DhabiSoftwareInternet ServicesSoftwareInternet Services

Description

8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced the completion of the acquisition of Fuze, Inc., a leader in cloud-based communications for the enterprise, for approximately $250 million in stock and cash. The acquisition further accelerates 8x8 XCaaSTM (eXperience Communications as a ServiceTM) innovation, and expands 8x8’s enterprise customer base and global presence.

Company Information

Company

Fuze

Location

675 CREEKSIDE WAY

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

Fuze is a full-stack, digital assets infrastructure platform, enabling MENA businesses to integrate embedded experiences for their customers. Fuze is a fast-growing tier A VC-backed startup partnering with leading global and regional banks, fintech, financial institutions, and super apps, to offer innovative crypto and digital asset products through its API infrastructure in a regulatory and compliant way.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed