The following article, Microsoft Competitor Crexendo Rings the Bell on Nasdaq Today, was first published on The Black Sphere.

While Bill Gates may be too busy working on the next vaccine, one of his competitors remains committed to its core competency.

The fast-moving company Crexendo (CXDO) is making a splash. Later today, the Crexendo management team will ring the bell at Nasdaq.

A few years ago I had dinner with the then-CEO of Crexendo. The backdrop was this magnificent country club, and the ambiance was equally spectacular. I had met this man’s God-son on a recent trip, and we became instant friends. He learned of my background, and suggested a dinner introduction with his Godfather, Steve.

During dinner  Steve asked me what I do for a living. I explained my transition from management consulting to the world of politics. Though my friend Brian set up the meeting, I knew little of Steve. So I asked what he did for a living.

He mentioned his small Arizona-based tech company, which roused my management consulting senses. After hearing him describe the company, I went into consulting mode out of habit. About 5 minutes passed, and he looked curiously at me and said, “You should join our board.”

I laughed the comment off, thinking it was just a dinner platitude. However, a couple of weeks later, Steve phoned me and repeated the request.

My friend has since stepped down as CEO, but remains a major stockholder in the company. In a relatively short amount of time Crexendo has done a remarkable turnaround, and I truly believe this is only the beginning.

In a world dominated by Microsoft and Cisco, there appears a little Arizona-based company willing to slug it out with the big boys. Below is the press release sent out by the company:

Crexendo Growth Surges with Four and a Half Million Users on its Software Platform

With Platform Growing At Nearly Twice The Industry Average

PHOENIX, AZ / ACCESSWIRE / April 16, 2024 / Crexendo, Inc. (Nasdaq: CXDO) (“Crexendo” or the “Company”), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that its cloud communication platform now supports over four and a half million end users* globally.

When Crexendo acquired NetSapiens in June of 2021 there were approximately 1.7 million users on the platform, and since then, platform use has increased over 150%. With additional new licensees deploying Crexendo’s NetSapiens platform combined with strong growth from their existing base of over 220 licensees, there are now over 4.5 million users utilizing the Crexendo NetSapiens software platform for their communication needs.

“We continue to see very strong adoption of our offerings, and we see no end in sight,” said Crexendo CEO and Chairman Jeff Korn. “We are very excited by our continued strong growth. This announcement confirms for us the findings by Frost & Sullivan’s who in their recent 2024 report awarded us the Competitive Strategy Leadership Award for Excellence in Cloud Communications as well as confirming that we are the fastest growing UCaaS platform in the industry. We believe this growth is tied to our disruptive business model, our superior cloud offerings and our talented team that truly are the best in the industry.  The efforts of our team are further supported by G2.com’s Spring 2024 Reports that recently highlighted Crexendo’s outstanding customer service with 19 1st place rankings based on real user feedback.”

Korn added “This very important metric, which follows our very strong third and fourth quarter earnings reports.  Our significant momentum continues to give me great confidence in our strategic growth plan this year and beyond.  I am convinced that our company is executing well on all fronts, and we are very excited about our future.”

*Users are defined as UCaaS application user seats including individual user licenses as well as applications such as conference bridges, call queues, and SIP trunks.

About Crexendo

Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over four million end users globally.

Safe Harbor Statement

This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “will” and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this press release include Crexendo (i) continuing to see very strong adoption of our offerings with no end in sight; (ii)  being very excited by the continued strong growth; (iii) believing this announcement confirms that the results of the Excellence in Cloud Communications award and that the Company is the fastest growing platform in the industry; (iv) believing this growth is tied to the disruptive model and  are the best in the industry people; (v) believing this is very important metric and providing confidence of the strategic growth plan this year and beyond and (vi) being convinced that the company is executing well on all fronts and being very excited about the future.

For a more detailed discussion of risk factors that may affect Crexendo’s operations and results, please refer to the company’s Form 10-K for the year ended December 31, 2023, quarterly Form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.

Company Contact:

Crexendo, Inc.

Doug Gaylor

President and Chief Operating Officer

602-732-7990

dgaylor@crexendo.com

 

SOURCE: Crexendo, Inc.

Continue reading Microsoft Competitor Crexendo Rings the Bell on Nasdaq Today