8X8 INC /DE/ acquires LeChat, Inc. (Sameroom)

8X8 INC /DE/ acquired LeChat, Inc. (Sameroom) for approximately $3.1 million ($3.115 million total consideration), a transaction completed in January 2017, structured as cash.

LeChat, Inc. (Sameroom) operates in Team messaging interoperability, is based in United States. LeChat, Inc. operated Sameroom, a messaging-interoperability service that connected different team-chat and messaging platforms. 8x8 acquired all preferred and common shares under an Agreement and Plan of Merger for about $3.1 million total consideration ($2.4 million to preferred holders, $0.2 million to common holders and $0.5 million into escrow), recording developed-technology intangibles and goodwill.

Strengthen 8x8's team-messaging and collaboration capabilities with interoperability across chat platforms; add the acquired workforce.

8x8 team messaging

Advisory firms were not disclosed for this transaction.

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