8x8, Inc. (EGHT) Names Vikram Verma CEO; Bryan Martin Becomes CTO

September 9, 2013 4:08 PM EDT
8x8, Inc. (NASDAQ: EGHT) announced the appointment of Vikram Verma, an accomplished global business executive and member of the 8x8 Board of Directors, as Chief Executive Officer, effective immediately. Former CEO Bryan Martin will assume the role of Chief Technology Officer and will continue as Chairman of the Board of Directors.

Mr. Verma, who has served on 8x8’s Board of Directors since being recruited by Mr. 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, Mr. 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.

Mr. 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, Mr. 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.

Mr. 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. Mr. 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.

Mr. Verma holds a B.S.E.E. degree from the Florida Institute of Technology, an M.S.E.degree from the University of Michigan in electrical engineering, and the graduate degree of Engineer in Electrical Engineering from Stanford University. He 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.

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