8x8, Inc. - Sells Dedicated Server Hosting to IRC

      8x8 Inc. ( EGHT ), provider of innovative cloud communications and computing solutions, announced it has sold its dedicated server hosting business to The IRC Company Inc. (dba Black Lotus Communications) for $3 million in cash.

     The dedicated server hosting business, acquired by 8x8 in May 2010, provided managed hosting services on dedicated servers to 288 customers as of June 30, 2013. For the fiscal year ended March 31, 2013, this business generated revenue of approximately $3.8 million and $753,000 in the first quarter of fiscal 2014.

     8x8 said that its Infrastructure as a Service (SaaS) and Desktop as a Service (DaaS) cloud hosting business is not included in this transaction.

The company noted that it will report a gain of about $1 million related to this transaction in the second quarter of fiscal 2014.

Read more: http://www.nasdaq.com/article/8x8-sells-dedicated-server-hosting-business-to-irc-co-for-3-mln-in-cash-20131004-00181#ixzz2gpZNqiNC

8x8 Inc VOIP E-Rate Program Offers Subsidized Phones for Schools & Libraries

Do you know of a K-12 school, library or school district that needs affordable phone service or telecommunications upgrades? Did you know that 8x8 can provide significantly discounted phone, fax and Web conferencing services to these organizations?

That’s because 8x8 participates in the federal E-rate program, which is paid for by a tax called the Universal Service Fund, a $2.25-billion government fund that subsidizes telecommunications modernization and upgrades at qualifying educational institutions. The Universal Service Administrative Company administers the fund and determines how much the program will subsidize for each application, based on need and other factors.

8x8’s entire service fee qualifies for a discount, and we have seen subsidies of up to 90% approved for our services to K-12 schools and libraries. For example, St. Matthew’s Lutheran School in Oconomowoc, Wisconsin recently used the E-rate system to replace an aging PBX that was literally demolished by a bolt from the blue, when lightning struck the school.

E-Rate Program Subsidizes Phone Service Costs for St. Matthew’s

George Zaferos, business manager at St. Matthew’s, began looking for a hosted PBX solution that would reduce the school’s up-front costs. He contacted 8x8, and he says that from his first conversation with the team there, he felt that 8x8 was a good fit.

“8x8 knows how to scale to meet the needs of smaller organizations,” he says. “The technology is easy to use and manage, and the cost is phenomenally competitive, especially compared to do-it-yourself phone systems.”

“8x8’s participation in E-rate allowed us to add features and capacity to our phone system and still keep our costs down,” says Zaferos.

See how 8x8 VoIP phone service helped St. Matthew’s School cut costs and get more features.

As Zaferos’s experience shows, this is a great way for schools and libraries to get access to 21st-century communications services at a significant discount. If you know of a school that could benefit from this program, call me at 408-654-0842 or send me an email at huw.rees@8x8.com to learn more.