Over 500k End Users Added Since Mid-September 2023
PHOENIX, AZ / ACCESSWIRE / December 19, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning, premier platform and provider of cloud communication services, video collaboration and managed IT services, today announced that its cloud communication platform now supports over four million end users* globally.
When Crexendo acquired the NetSapiens platform in June of 2021 there were approximately 1.7 million users on the platform. In September of this year, the Company announced that its user base had surpassed three and a half million users. With additional new licensees deploying Crexendo's platform combined with strong growth from their existing base of over 220 licensees, there are now over 4 million users utilizing the Crexendo NetSapiens platform for their communication needs.
"We have seen a significant increase in the adoption of our offerings, and we only expect this trend to grow from here," said Crexendo CEO Jeff Korn. "We have continued to ramp up business development for new licensees as well as support for our growing community of licensees while also increasing the quality and capabilities of our platform. This very important metric, which follows our very strong third quarter earnings report gives me substantial confidence of our strategic growth plan going into 2024. With the recent sale of our building and the subsequent elimination of debt on our balance sheet, the continued development of our platform, together with our strong organic growth as well as GAAP profitability, I believe our company is executing well on all fronts. We look forward to what the year ahead has in store, and we expect more of the same from a growth standpoint."
*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) seeing a significant increase in the adoption of our offerings and expecting this trend to grow from here; (ii) continuing to ramp up business development for new licensees as well as support for the growing community of licensees while also increasing the quality and capabilities of its platform; (iii) having substantial confidence of the strategic growth plan going into 2024; (iv) believing that with the recent sale of our building and the subsequent elimination of debt ,the continued development of the platform, together with strong organic growth as well as GAAP profitability that the company is executing on all fronts and (v) looking forward to what the year ahead has in store, and expecting more of the same from a growth standpoint.
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, 2022, 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.
Contacts
Company Contact:
Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com
SOURCE: Crexendo, Inc.
View the original press release on accesswire.com
