8×8 announced that it will soon be acquiring Fuze. This acquisition will actually end up being a pretty big deal for the telecom industry. That is because 8×8’s Fuze acquisition will greatly influence the Unified communications as a service (UCaaS) industry.
About 8×8
8×8 is a cloud-based Business Communications Services, which has been serving its customers since 1987. It provides VoIP telephony services globally. It delivers services to 120 countries, while leading in virtual connectivity products. Many enterprises trust 8×8. The Gartner Magic Quadrant has actually voted it as a leader in UCaaS several times.
About Fuze
Fuze is also a company that provides enterprises the latest cloud communications and collaboration software and technologies. Enterprises who use Fuze and its cloud platform experience high quality in calling, messaging, audio/ video conferencing, content sharing and more. With the quality expanding over 116 countries, Fuze has built a platform that is globally trusted as well. When analyzing UCaaS providers, Forrester has named Fuze as a “Leader in the Wave”
Great Timing for 8×8’s Fuze Acquisition
Since Covid-19 still impacts the world today, online unity, quality, reliability and security are essential, especially for businesses. The pandemic has required many businesses to start performing mostly, if not exclusively, online. As a result, the demand for cloud-based Business Communications Services has increased remarkably. But that increase is just the beginning. The UCaaS industry is actually expected to grow 23.6% annually over the next 6 years. And the telecom industry makes up almost a quarter of the global UCaaS market share.
8×8’s Fuze Acquisition- A Powerful Union in UCaaS
8×8’s Fuze acquisition will merge two of the top leaders in the UCaaS industry. Each cloud-based services provider will bring to the table some of the industry’s latest and most innovative technologies. 8×8’s global presence and clientele will grow, while its operations expand. This is their assurance: “Together, we will shape the future of integrated communications and hybrid work.”
