8x8 Acquires Jitsi

The acquisition provides 8x8 with an established technology platform and high-growth revenue business to pursue CPaaS globally and represents a natural expansion of 8x8’s cloud business from Unified Communications-as-a-Service (UCaaS), Contact Center-as-a-Service (CCaaS), and Video into the CPaaS market. 8x8 is acquiring Jitsi’s set of modular open-source projects that allow businesses to easily build and deploy secure video communication solutions. At the heart of Jitsi is the Jitsi Videobridge conferencing server and Jitsi Meet conferencing and collaboration application.

SAN JOSE, Calif.--(BUSINESS WIRE)--8x8, Inc. (NYSE:EGHT), a leading cloud provider of voice, video, collaboration and contact center solutions for over one million users worldwide, today announced that it has acquired the Jitsi open source video communications technology and its highly skilled team of open source video technology experts. The Jitsi technology further extends 8x8’s cloud technology platform and adds to the company’s video collaboration capabilities. 8x8 acquired Jitsi’s technology and engineering team from leading enterprise software company Atlassian.

8x8 Acquires Jitsi

“The best video communications solutions are so intuitive and reliable that they help employees conduct shorter, more productive meetings. 8x8 has already developed a world-class meetings solution for enterprises, and we’re focused on maintaining leadership in delivering reliable, crystal-clear video and audio conferencing quality across mobile and desktop applications,” said Dejan Deklich, Chief Product Officer at 8x8. “Incorporating Jitsi’s open-source technology into our video communications technology platform, and having Jitsi’s talented engineering team play a role in leading our development of dedicated conferencing applications and WebRTC, will open new paths for our customers and further enhance our meetings solution.”

8x8 is acquiring Jitsi’s set of modular open-source projects that allow businesses to easily build and deploy secure video communication solutions. At the heart of Jitsi is the Jitsi Videobridge conferencing server and Jitsi Meet conferencing and collaboration application. Jitsi is designed to run thousands of video streams from a single server, and it's fully open source with a community of developers supporting the project as well as 100 percent standards compliant using technologies like WebRTC. Jitsi’s video communications technology will remain open source, ensuring that Jitsi stays in the forefront of Video Conferencing industry developments, including new application use cases.

“Some of the most innovative WebRTC products and companies use Jitsi to support millions of minutes of daily usage as part of their meetings, messaging and collaboration product ecosystems. The open source community has played a critical role in advancing Jitsi’s projects by validating its use in a diverse set of environments and complementing the core team’s development. As part of this acquisition, 8x8 is committed to continuing to support the growing developer community, and we are excited to engage even more,” commented Bryan Martin, Chairman and Chief Technology Officer at 8x8.

Jitsi’s video communication solutions are intended to be integrated into 8x8 Meetings, which already enables thousands of businesses worldwide to collaborate from anywhere on any device with integrated video and audio conferencing. 8x8 Meetings is a key element of 8x8 X Series, which helps businesses transform their customer and employee experience with one system of engagement across voice, video, collaboration and contact center, and one system of intelligence on a single cloud platform. With 8x8 X Series, businesses communicate faster and smarter to exceed customer expectations.

8x8 Acquires Jitsi

“We are excited that 8x8 will continue to support the extensive Jitsi community and help to accelerate our development,” said Emil Ivov, Jitsi Founder and Project Lead. “I have no doubt that Jitsi’s advanced capabilities combined with 8x8’s comprehensive X Series platform will create a dominant video communications solution that is intuitive and game-changing for enterprises.”

The financial terms of the acquisition are not disclosed.

8x8 acquires jitsi boxAcquires

8x8 was recently named a Leader in the 2018 Gartner “Magic Quadrant Report for Unified Communications as a Service, Worldwide.”¹ This marks the seventh consecutive year that 8x8 has been recognized as a Leader. To download a copy of the report, visit https://www.8x8.com/resources/white-papers/gartner-magic-quadrant

[1] Gartner 'Magic Quadrant for Unified Communications as a Service, Worldwide' by Daniel O'Connell, Megan Fernandez, Rafael Benitez, Bjarne Munch, Christopher Trueman, Mihai Nguyen, October 10, 2018.

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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About 8x8, Inc.

8x8, Inc. (NYSE:EGHT) cloud solutions help businesses transform their customer and employee experience. With one system of engagement for voice, video, collaboration and contact center and one system of intelligence on one technology platform, businesses can now communicate faster and smarter to exceed the speed of customer expectations. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter, and Facebook.

8x8® and 8x8 X Series™ are trademarks of 8x8, Inc.

In what has to be more about intellectual property and gap filling, and a bit of an acquihire in nature, 8x8 has acquired Jitsi from Atlassian. You'll recall how HipChat was sold off to Slack a few months ago, so this seems to be the next step in trimming non-core assets by the Australian company as they focus. 1300 zulu time.

It's a good move for 8x8 as it gives them a proven team and access to technology that is mostly built upon WebRTC for their Meetings product as this will help shore up the 8x8 Meetings product, and also provide some additional technology talent that is more web than telco centric to the company. With collaboration becoming so much a part of any telco's business model, and the need to integrate with third party cloud services, the pick up of Jitsi is a shrewd move.

8x8 Acquires Jitsi Box

This purchase also shows how open source technology can be used to build valuable assets as this marks the second time Jitsi has been acquired. Their status and life expectancy was one of my questions at ClueCon which I pondered with others when Slack picked up HipChat as I figured Jitsi's time was limited at Atlassian. I'm now as doubtful that this was an expensive acquisition, as the terms were not disclosed making it a non-material purchase by 8x8, and not subject to SEC reporting requirements. We call those kinds of sales, mercy sales, where the company's assets and team are placed in a good home, where the technology and team can be appreciated.