“The acquisition is expected to be neutral to 8×8’s net income for the fiscal year ending March 31, 2016, after excluding one-time costs associated with the acquisition and amortization expenses. The purchase price for QSC was $3 million in cash, of which $2.2 million was paid at closing,” the company said in a statement.
8×8 company funded the aggregate cash purchase price from its cash and investments.
“With the acquisition of the QSC business, 8×8 expands its pure cloud contact center portfolio to include innovative quality management capabilities such as call recording, screen capture, live monitoring, agent evaluations, speech transcription, reporting and detailed analytics,” the company said.
QSC’s Chief Executive Officer Ryan Morrissey will join 8×8 as Senior Director of Product Strategy while the company’s engineering team will remain in Romania to supplement and build upon existing R&D resources in the United States and United Kingdom.
8×8 company is a provider of enterprise cloud communications solutions to more than 40,000 businesses operating in over 40 countries across six continents.