8X8 INC /DE/ acquires Jitsi (assets acquired from Atlassian Corporation PLC)

8X8 INC /DE/ acquired Jitsi (assets acquired from Atlassian Corporation PLC), a transaction completed in October 2018. The deal was a Asset purchase.

Jitsi (assets acquired from Atlassian Corporation PLC) operates in Video communications, is based in Open-source project (assets acquired from Atlassian Corporation PLC). 8x8 acquired assets relating to the Jitsi open-source video-communications technology from Atlassian under an asset purchase agreement. Jitsi extended 8x8's platform with scalable, standards-based (WebRTC) video routing and interoperability. 8x8 continued to support the open-source Jitsi project and built 8x8 Video Meetings on it — a free video product that surpassed 20 million monthly active users globally by May 2020. Terms were not separately disclosed.

Add scalable, standards-based video collaboration to the 8x8 platform and X Series, accelerating 8x8's move into cloud video.

8x8 Video Meetings / X Series video

Advisory firms were not disclosed for this transaction.

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