Crexendo to acquire NetSapiens for $50m.

Crexendo, a provider of cloud communications, UCaaS, call center, collaboration services, and other cloud business services, agreed to acquire NetSapiens, a patented cloud-native communications platform, for $50m. “This is an important and transformational step for Crexendo. This is our first material accretive acquisition, and I could not be more pleased with the synergies between our companies. Crexendo with this step is enabled to becomes a dominant supplier with a rapidly growing global platform supporting over 1.7m users. This is our first major step in accelerating our growth and expanding our footprint. This accretive and synergistic acquisition is a win for both companies. Crexendo will be able to increase its offerings and size using the NetSapiens technology and will further benefit from a wealth of additional engineering, sales, and marketing talent. The NetSapiens team will benefit from the Crexendo resources and public company cache to continue their growth and enhance their offering portfolio,” Steven G. Mihaylo, Crexendo Chief Executive Officer.