8x8 shuffles executive team, appoints Verma as CEO

8x8, Inc., (Nasdaq: EGHT) has shuffled its executive team by naming board member Vikram Verma CEO and moving former CEO Bryan Martin to CTO. Martin also retains his position as chairman of the board of directors.

Martin, in a company press release, said the changes will help 8x8 as it works to build scale to "better serve our current multi-national customers as well as to bring our cloud communications services into new markets worldwide. With a solid foundation in place, we now have a real opportunity to capture the growing mid-size and international market for our services."

Verma, the press release said, has served on the 8x8 board since January 2012 and has 23 years of experience including stints as president of strategic venture development at Lockheed Martin and chairman of the board and CEO of Savi Technology where he joined venture capitalists in a management buyout from Raytheon.

According to the press release, Verma has already "been instrumental in working with management to define the company's strategic plan for continued profitable growth through increased mid-market penetration, global expansion and ongoing investment in innovative unified and mobile communications services."

Verma, for his part, said he sees a wide opportunity ahead in a cloud-based unified communications market that "in the U.S. alone is only about 10 percent penetrated."

For more:
- 8x8 issued this press release

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