8X8 INC /DE/ acquires MarianaIQ, Inc.

8X8 INC /DE/ acquired MarianaIQ, Inc., a transaction completed in April 2018. The deal was a Asset purchase.

MarianaIQ, Inc. operates in Artificial intelligence / machine learning, is based in United States. Under an asset purchase agreement, 8x8 bought technology and other assets from MarianaIQ to strengthen the artificial-intelligence and machine-learning capabilities of its X Series product suite. The acquired developed technology was recorded as an identifiable intangible asset (about a two-year life); the deal was not material to 8x8's revenue or net loss and terms were not separately disclosed.

Embed AI and machine learning into the X Series platform; acquire the technology and workforce behind MarianaIQ's models.

8x8 X Series (AI/ML)

Advisory firms were not disclosed for this transaction.

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