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SUBSEQUENT EVENTS - Note 17 | 12 Months Ended
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Mar. 31, 2015
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS - Note 17 | 17. SUBSEQUENT EVENTS On May 26, 2015, the Company, together with 8x8 UK Investments Limited, its wholly-owned subsidiary, entered into a share purchase agreement with the shareholders of DXI Limited, API Telecom Limited, Easycallnow Limited, and RAS Telecom Limited (collectively, “DXI”), for the purchase of the entire share capital of DXI. DXI provides SaaS for call center solution workflows. The total aggregate purchase price was approximately $25.5 million, consisting of $18.7 million in cash paid to DXI shareholders at closing, $3.8 million in cash deposited in escrow to be held for two years as security against indemnity claims made by the Company after the closing date, and $3.0 million in its common stock (approximately 353,000 shares). The Company funded the aggregate cash purchase price from our cash and investments.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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