8x8 Appoints Vikram Verma as CEO [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) 8x8 has announced the appointment of Vikram Verma, an accomplished global business executive and member of the 8x8 Board of Directors, as Chief Executive Officer.
According to a release, former CEO Bryan Martin will assume the role of Chief Technology Officer and will continue as Chairman of the Board of Directors.
"8x8 has been an innovator in the industry and today is the leading provider of Unified Communications as a Service solutions," said 8x8 Chairman of the Board and CTO Bryan Martin "Our next frontier is to scale domestically and globally to better serve our current multi-national customers as well as to bring our cloud communications services into new markets worldwide."
"I'm looking forward to working with Vik and the rest of the management team to achieve these goals," added Martin. "With a solid foundation in place, we now have a real opportunity to capture the growing mid-size and international market for our services. The expertise Vik brings in guiding growth technology companies on a global basis is what 8x8 needs to accelerate this plan."
8x8 Lead Board Director Major General (Ret.) Guy Hecker said, "After working closely with Vik for the past year and a half on the Board of Directors, the Board unanimously believes he brings the management, operational and international expertise to lead the Company through this next stage. Combined with Bryan's technological vision and deep knowledge of the industry, 8x8 will be well equipped to aggressively pursue its strategic business objectives."
Verma, who has served on 8x8's Board of Directors since being recruited by Martin and General Hecker in January 2012, brings over 23 years of diverse executive experience to 8x8, including President of Strategic Venture Development at Lockheed Martin and Chairman of the Board and CEO of Savi Technology. As a member of the 8x8 Board, Verma has been instrumental in working with management to define the Company's strategic plan for continued profitable growth through increased mid-market penetration, global expansion and ongoing investment in innovative unified and mobile communications services.
"I am honored to join the senior management team of 8x8 at this exciting time in the Company's growth," said Verma. "8x8 is well positioned to take advantage of the significant global market opportunity that exists for cloud-based unified communications, a market that in the U.S. alone is only about 10 percent penetrated. I look forward to working closely with Bryan, the Board of Directors, our senior leadership team, and the employees at 8x8 to build on the Company's current success and position the Company for continued growth across multiple domestic and international markets."
Verma was President of Strategic Venture Development for Lockheed Martin from October 2008 through August 2013. In that role, he successfully identified and executed opportunities for monetizing existing Lockheed Martin technologies and programs in new global commercial markets through collaborative technology incubators, intellectual property portfolio licensing and strategic partnerships with international corporations. From 2006-2008, Verma was the President of the IS&GS Savi Group, a Lockheed Martin technology and information services division providing real-time supply chain management and security solutions for government and commercial markets worldwide. Previously, he was Chairman of the Board and CEO of Savi Technology, Inc. (Savi), a leader in RFID-based tracking and security solutions and a pioneer in cloud-based managed service offerings. Savi was acquired by Lockheed Martin in 2006.
Verma began his career in 1990 at Savi as a Design Engineer, joining while it was pre-revenue. By 1994, he had been promoted to Chief Operating Officer, and in 1995 he helped negotiate the acquisition of Savi by Texas Instruments, which subsequently sold the business to Raytheon Company. Verma became President and CEO of Savi in 1997. In partnership with venture capitalists from Silicon Valley and Asia, he led the management buyout of Savi from Raytheon Company in May 1999. Over the next seven years, he engineered the transformation of the business through organic growth, expansion into the UK and continental Europe, the acquisition and integration of an Asia-based high technology company and the launch of a global joint venture with Hutchison Ports (a subsidiary of Hutchison Whampoa) to track and secure cargo containers worldwide via wireless and cellular networks.
Verma has been granted eight patents and has won numerous accolades, including being named one of 40 "Technology Pioneers" by the World Economic Forum, in Davos, Switzerland in 2003.
8x8 is a cloud communication services company.
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