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Sunday Morning Post for February 12 2012

8x8 Celebrates 25 Years

8x8 has a birthday. They're now 25 years old. The company has had a lot of transitions, but the core to their business is a patent portfolio that puts things inside real time communications hardware and software. 

Here's a list of their milestones:

8x8 Highlights and Milestones:

1987 - 8x8 founded under the name Integrated Information Technology

1990 - Company establishes itself as a leading manufacturer of semiconductors used in embedded videoconferencing and videophone products

1990 - Bryan Martin hired as “Member of Technical Staff” and ultimately becomes CEO in 2002

1992 - Patented Vision Processor Chip chosen by AT&T for use in next generation Picturephone videophone

1994 - Developed the Video Compression Processor (VCP) chip which obtained 90% share of the videoconferencing market

1996 - Developed and marketed its first consumer videophone for regular phone lines under the ViaTV brand name

1997 - 8x8 goes public and shortly after develops a family of Voice over Internet Protocol (VoIP) chips and software

2002 - 8x8 begins offering VoIP service direct to consumers under the Packet 8 Brand name, and quickly grows to become the second largest standalone VoIP services provider in the industry

2004 - 8x8 launches the first VoIP E-911 service; introduces DV326 Desktop Consumer VideoPhone and 8x8 Virtual Office hosted PBX phone system

2007 - 8x8 Virtual Office ranked #1 hosted VoIP phone system choice by U.S. based small and medium sized businesses by telecom research firm AMI Partners

2009 - 8x8 expands business telephony offerings into unified communications and introduces 8x8 Virtual Meeting web conferencing service

2010 - 8x8 launches Virtual Office Mobile iPhone app and Virtual Office Pro unified communications solution for businesses; acquires managed hosting service provider Central Host

2011 - Reaches milestone of over 25,000 business subscribers; acquires cloud hosting service provider Zerigo and cloud contact center provider Contactual; introduces flat-rate Virtual Room cloud videoconferencing solution with Polycom

2012 - Announces record quarterly revenue of $23.3 million (31% year over year increase) and net income of $2.6 million (73% year over year increase) 

 

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