8x8, a cloud provider of voice, video, chat and contact center solutions, completed the acquisition of Wavecell, a Singapore-based Communications Platform-as-a-Service provider, for $125m. "The market opportunity in CPaaS is growing rapidly, and this acquisition enables us to quickly provide these services to our customers around the world. 8x8 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 8x8 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," Vik Verma, 8x8 CEO.