CXDO - Crexendo shines on acquisition of NetSapiens

Crexendo ([[CXDO]] +13.7%) to acquire NetSapiens through a merger for ~$50M, consisting of $10M in cash and the remainder in stock consideration.NetSapiens is a 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 1.7M users on their platform through a community of partners.Company will be issuing ~6.46M total shares and options.Colliers Securities LLC is serving as the exclusive financial advisor to Crexendo in the transaction."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

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Crexendo shines on acquisition of NetSapiens