M&A Deal Summary

8x8 Acquires Fuze

On December 1, 2021, 8x8 acquired internet software and services company Fuze from Summit Partners for 250M USD

Acquisition Highlights
  • This is 8x8’s 4th transaction in the Internet Software and Services sector.
  • This is 8x8’s largest (disclosed) transaction.
  • This is 8x8’s 7th transaction in the United States.
  • This is 8x8’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-12-01
Target Fuze
Sector Internet Software and Services
Buyer(s) 8x8
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Fuze

Boston, Massachusetts, United States
Fuze provides a cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration. Fuze was founded in 2005 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

8x8

Campbell, California, United States

Category Company
Founded 1987
Sector Internet Software and Services
Employees1,948
Revenue 729M USD (2024)
DESCRIPTION
8x8's corporate headquarters in San Jose, California.
8x8's corporate headquarters in San Jose, California.

8x8 is a developer of cloud based VoIP, video, mobile and unified communications solutions. 8x8 was founded in 1987 and is based in Campbell, California.


DEAL STATS #
Overall 11 of 11
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 10 of 10
State (Massachusetts) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 Wavecell Pte.

Singapore, Singapore

Wavecell Pte. Ltd. is a communications platform-as-a-service (CPaaS), provider. Wavecell is based in Singapore.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Callstats Analytics

Cork, Ireland

Callstats Analytics is a diagnostics and optimization technology for WebRTC. Callstats Analytics is based in Cork, Ireland.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 269 of 286
Sector (Internet Software and Services) 23 of 28
Type (Add-on Acquisition) 119 of 127
State (Massachusetts) 30 of 32
Country (United States) 237 of 246
Year (2021) 20 of 23
Size (of disclosed) 26 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 InnovaCare Health

Orlando, Florida, United States

InnovaCare Health improves the lives of patients and physicians through innovative solutions for value-based healthcare. Throughout its 20+ year history, InnovaCare Health has owned, operated, and managed an integrated portfolio of medical groups, health plans, medical service organizations, clinical networks, and more. InnovaCare Health was founded in 1998 is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Appway

Zurich, Switzerland

Appway is a provider of business process automation software focused on customer management for financial institutions. It guides the leading financial institutions, both big and small, as they build sustainable and scalable solutions that quickly adapt to changing conditions. Appway was formed in 2003 and is based in Zurich, Switzerland.

Sell -