Crexendo announces closure of netsapiens merger

Phoenix, az / accesswire / june 1, 2021 / crexendo, inc. (nasdaq:cxdo) an award-winning premier provider of cloud communications, ucaas (unified communications as a service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that it has closed its previously announced merger with netsapiens, inc. the merger was supported by over 99% of voting crexendo shareholders and 100% of the netsapiens shareholders. the transaction was valued at approximately $50 million, consisting of $10 million in cash, and approximately $40 million in common stock and stock options.
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