8x8 Appoints Vladimir Jacimovic to Board of Directors
Prominent Venture Capital and Public Technology Investor Brings Extensive
SaaS, M&A and Strategic Advisory Expertise for High Growth Companies to 8x8
SAN JOSE, Calif. -- March 25, 2014
8x8, Inc.(NASDAQ: EGHT), a provider of cloud-based unified communications,
contact center and collaboration solutions, today announced the appointment of
Vladimir Jacimovic to its Board of Directors, effectiveMarch 20, 2014.
Mr. Jacimovic has over 25 years ofinvesting and operating experience with
high growth companies in the technology and services industry with specific
expertise in the Software as a Service (SaaS), Big Data and Security segments.
He is the Founder and Managing Partner of Continuum Capital Partners, an
investment firm that specializes in crossover investments targeting private
and public technology companies. Previously, Mr. Jacimovic was a Partner at
New Enterprise Associates (NEA), a leading global venture capital firm focused
on helping entrepreneurs build transformational businesses across multiple
stages, sectors and geographies, and a Managing Director at Crosslink Capital,
a leading stage-independent venture capital and growth equity firm. Since
beginning his venture career in 1996, Mr. Jacimovic has been involved in more
than 30 investments in software, communications, and technology enabled
“I am very pleased to welcome Vladimir to the 8x8 Board of Directors,” said
8x8 CEO Vikram Verma. “Vladimir brings a wealth of experience helping
innovative companies with disruptive technologies such as SaaS navigate high
growth in a profitable manner throughout various stages of their evolution. I
am grateful that we will be able to tap into that experience and knowledge to
help 8x8 identify and implement new strategies for organic and inorganic
growth as we expand our leadership position in the Unified Communications as a
Service market domestically and abroad.”
With the appointment of Mr. Jacimovic, 8x8’s Board of Directors now consists
of seven members who offer diverse and valuable skill sets including
international business management, technology innovation, public and private
finance, strategic guidance and M&A for high growth companies and
“8x8 has assembled a world class Board of Directors and I am honored to serve
the company alongside such accomplished and talented individuals,” said Mr.
Jacimovic. “The market for Unified Communications as a Service is growing
rapidly and 8x8’s technology and business model are unparalleled. I am looking
forward to sharing my experience in similar SaaS growth markets with the
senior management team as we position 8x8 for tremendous success in the
Mr. Jacimovic began his career with operating roles at Intel and Ingres, and
later worked as a management consultant with McKinsey & Co. in the US and in
Europe. He holds an MBA from Harvard Business School and a BS in Computer
Science and Mathematics from the University of San Francisco.
8x8 also reported, in accordance with NASDAQ Listing Rule 5635(c)(4), that
employment inducement awards were granted to 12 new employees in connection
with their recent hiring. The employees received restrictive stock units for
37,750 shares of the Company’s Common Stock, subject to their continued
employment and other conditions.
8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable
cloud-basedunified communicationsandvirtual contact center solutions to
more than 36,000 small, midsize and distributed enterprise organizations
operating in over 40 countries across six continents. 8x8's out-of-the-box
cloud solutions replace traditional on-premise PBX hardware and software-based
systems with a flexible and scalable Software as a Service (SaaS) alternative,
encompassing cloud business phone service, contact center solutions, and web
conferencing. For additional information, visitwww.8x8.com,or
www.8x8.com/UKor connect with 8x8 onGoogle+,Facebook,LinkedInandTwitter.
Joan Citelli, 408-654-0970
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