updated 10/20/2010 8:16:14 AM ET 2010-10-20T12:16:14

SUNNYVALE, Calif., Oct. 20, 2010 (GLOBE NEWSWIRE) -- 8x8, Inc. (Nasdaq:EGHT), provider of innovative cloud communications and computing solutions, today announced that it ranked 214 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. 8x8 grew 464% percent during this period.

8x8 Chairman & Chief Executive Officer Bryan Martin credits the economic and productivity benefits its cloud communications solutions provide to businesses, along with the company's reputation as one of the most established and successful providers in the industry, with the company's 464% revenue growth.

"Being named, once again, to the Deloitte Technology Fast 500 is an acknowledgment of the continued success of 8x8's business model and validation of our mission to help businesses realize the many financial and productivity advantages of our VoIP phone services and other cloud communications solutions," said Mr. Martin. "8x8's recognized technological expertise, longevity in the market and razor focus on delivering high quality, reliable services coupled with outstanding customer support have greatly contributed to our success and will continue to serve the company well going forward."

"8x8 and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends 8x8 for this impressive accomplishment."

"8x8 has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.

For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com.

About 8x8, Inc.

8x8, Inc. (Nasdaq: EGHT ) leverages its patented software technologies to deliver high quality voice solutions and integrated messaging and video to businesses of any size with employees in any location on a wide variety of business telephony, web and mobile platforms. 8x8 also offers managed hosting and cloud-based computing services. For additional information, visit www.8x8.com.

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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