Jul
17
2019
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Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million

Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, Calif.-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full, global-scale, cloud-native, technology stack offering voice, video, messaging, and contact center delivered both as pre-packaged applications and as enterprise-class APIs. We’re excited to welcome the Wavecell employees to the 8×8 family. We now have a significant market presence in Asia and expect to continue to expand in the region and globally in order to meet evolving customer requirements.”

Apr
21
2015
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TradeGecko Snags $6.5M Series A To Help Businesses Wrangle Inventory

TradeGecko TradeGecko, a software-as-a-service startup that lets business owners manage inventory and orders without resorting to spreadsheets or enterprise resource planning (ERP) software, has raised a $6.5 million series A round. Read More

Nov
20
2014
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Deep Identity Raises $470,000 To Help Companies Manage Access On Their Networks

network Deep Identity, a Singapore-based startup that helps companies manage access to their internal networks and services, has raised US$470,000 (SG$589,000) to expand its services into the cloud and open a presence in Europe. Read More

Jun
10
2014
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With $800,000 In Seed Funding, Pie Wants To Take A Slice Of The Enterprise Collaboration Market

Pie - Art 1 Pie is the latest contender to launch in the enterprise collaboration space. It competes with services like Slack, which recently raised an impressive $42.75 million, as well as a host of other companies such as Convo, Hipchat, Hall, and CoTap. Co-founder Pieter Walraven says Pie “takes the noise out of work chat” by allowing users to make mini-chatrooms for every… Read More

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