Crexendo enters into definitive agreement to acquire netsapiens

Phoenix, az / accesswire / march 8, 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 had entered into a definitive agreement to acquire netsapiens, inc. netsapiens is an award-winning, patented cloud-native communications platform delivered via a high availability, multi-tenant solution that can be consumed however the service providers prefer, in their cloud or the netsapiens cloud, on a subscription or a purchase model. they currently support over 1.7 million users on their platform through a community of partners pursuant to the agreement, crexendo will acquire netsapiens through a merger for approximately fifty million dollars, consisting of $10 million in cash and the remainder in stock consideration (which will include both shares of common stock and stock options), crexendo will be issuing approximately 6,462,036 total shares and options.
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