US cloud provider 8×8 buys Singapore-based Wavecell in US$125m deal to expand into SE Asia

“Wavecell, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8×8 for around US$125 million (S$170 million) in cash and stock, marking the US firm’s entry into the South-east Asian market.”

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