8x8 Names Ragh Sarathy Vice President of Finance
July 16 2014 - 08:15AM
Business Wire
Former Top Ranked SaaS Equity Analyst and Software Company
Executive Assumes New 8x8 Strategic Financial Planning Role
8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified
communications, contact center and collaboration solutions, today
announced that Raghavan (Ragh) Sarathy has been appointed to the
newly created role of Vice President of Finance, effective July 14,
2014. Mr. Sarathy most recently served as vice president/senior
equity analyst of enterprise software at Dougherty & Co. LLC
and brings over 20 years of experience in SaaS and enterprise
software markets to 8x8.
In this new 8x8 executive role reporting to CFO Dan Weirich, Mr.
Sarathy will contribute his deep financial knowledge of SaaS
business models and hands-on operational expertise in software
based organizations to the company’s strategic growth initiatives
in the Unified Communications as a Service (UCaaS) industry.
“Ragh will be a tremendous asset to 8x8’s senior management team
as the company continues to set the standard in the mid-market with
the industry’s most secure and reliable cloud-based telephony, UC
and contact center offering,“ said 8x8 CEO Vik Verma. “His
expertise analyzing the financial and operational performance of
dozens of successful SaaS companies alongside real world business
experience are the ideal combination to position the company for
continued success and we are thrilled to welcome him to the 8x8
team.”
“As one of the top names in my equity research coverage
universe, 8x8 has impressed me year after year with its innovative
technology, consistently solid growth, strong fiscal management and
ability to successfully execute on its strategic goals, most
notably its move upmarket,” said Ragh. “Mid-market and distributed
enterprise customers are rapidly transitioning to cloud-based
communications services and 8x8 has all of the ingredients needed
to capture the lion’s share of this market segment. I am very
pleased to become a part of the senior management team and look
forward to contributing to the company’s future expansion and
growth in the U.S. and abroad.”
Mr. Sarathy’s career encompasses 10 years of equity research
analysis and 12 years of software development, product management,
and marketing experience. As vice president, senior research
analyst within the Equity Capital Markets division at Dougherty
& Company, Mr. Sarathy published research on 11 software
companies and was ranked the number one analyst in the software
sector by The Wall Street Journal’s “Best on the Street” Analysts
Survey, based on the performance of his stock recommendations.
Before Dougherty & Company, he was senior equity analyst/vice
president at Ferris Baker Watts where he built the firm’s SaaS
coverage from the ground up and covered 10 software companies.
Prior to this, Mr. Sarathy held a variety of sales, marketing,
product management and engineering roles with Oracle Corp. and
several Silicon Valley software start-ups.
Mr. Sarathy earned a Master’s of Business Administration Degree
with honors from the Leavey School of Business at Santa Clara
University, and a Master’s of Science Degree in Computer Science
from University of Alabama, Tuscaloosa.
About 8x8, Inc.
8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and
reliable cloud-based unified
communications and virtual contact center solutions to
more than 37,000 small, midsize and distributed enterprise
organizations operating in over 40 countries across six continents.
8x8's out-of-the-box cloud solutions replace traditional on-premise
PBX hardware and software-based systems with a flexible and
scalable Software as a Service (SaaS) alternative, encompassing
cloud business phone service, cloud contact center solutions, and
web conferencing. For additional information,
visit www.8x8.com, or www.8x8.com/UK or connect with
8x8
on Google+, Facebook, LinkedIn and Twitter.
8x8, Inc.Joan Citelli, 408-654-0970joan.citelli@8x8.com
8x8 (NYSE:EGHT)
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