Monday, February 27, 2017 8:44:49 AM
Jonathan Kees
Okay, thanks for that clarification, that explanation there. My next question is at a higher level. There's been talk in the news in terms of 8x8 being acquired or the Board seeking a strategic alternatives. I guess I want to reconfirm that the Board does not seek strategic alternatives and then two, if you can humorous who could possibly be interested in 8x8. We like the hypothetical just humor us.
Vik Verma
Look, here is the thing. I think you've seen our governance score as a company that I don’t remember the exactly the calculated but we are as shareholder friendly company. I have no blocking rights. I have no - nor do I see, we don't have multiple classes of shares, we don't have classification everything is - I think is blue ribbon from a governance perspective as possible.
We will do what's right for the shareholders. So from time-to-time people express an interest that's fine. Everybody is entitled to express an interest, we have a view on what this company is worth and our view is that the larger the customer - when we can get our midmarket enterprise base, we’re very significant portion of our revenue, the value of the company because the net present value for midmarket and enterprise customers about 35 to 40 times that of SMB customer, that transition we think is well underway and we have - with all of these enterprise customers we have the land and expand opportunities.
So, I think we believe we can get to a certain place on our own so, in order for somebody to make a compelling offer they have to kind of bake in that value for us to be fair to our shareholders but I have a general philosophy if anybody ever comes in and gives us an indication of interest or even kind of makes an overture, I always involve my Board because I believe that is my responsibility, I'm not trying to run this company like a [indiscernible].
So who's interested, you know look all kinds, I mean you can get - there is an alphabet soup of companies that one time or the other either express their interest or circled around adding that to me it really comes down to our - when somebody is willing to pay what I think the company is worth, that’s actually the board's discretion, will do the right thing for our shareholders. Ultimately we serve at a pleasure of shareholders and the goal is to ensure we maximize value for shareholders.
1/2 cent Vancouver penny mooching pirates!
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