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News : 8X8 Names Ragh Sarathy Vice President of Finance
San Jose, Calif. , July 16, 2014 -- 8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified communications, contact center and collaboration solutions, announces 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."
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.
Posted by Veronica Silva Cusi, news correspondent
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About 8x8 Inc.:
8x8, Inc. (Nasdaq: EGHT) leverages its patented software technologies to deliver high quality voice solutions with 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.
Published: Thursday, July 17, 2014