Crexendo Selects Rev.io as Partner to Support Growth

Rhea-AI Summary

Crexendo, Inc. (NASDAQ:CXDO) has announced a strategic partnership with Rev.io to enhance its billing management and improve customer experience. This collaboration will leverage Rev.io's advanced billing platform and automation capabilities, crucial for the launch of Crexendo's new VIP Cloud Communications Platform, which promises a 100% uptime guarantee. CEO Steven G. Mihaylo emphasized that this partnership is intended to reduce costs and increase shareholder value, with existing integrations with NetSapiens further reinforcing the partnership's potential.

Positive

• Strategic partnership with Rev.io to improve billing management.
• Automation capabilities enhance operational efficiency.
• Integration with NetSapiens supports new product launches.
• Expectations of reduced costs and increased shareholder value.

Negative

• None.

Crexendo will leverage Rev.io's sophisticated billing platform and cutting-edge customer management system to accommodate new product launches, automate key billing processes.

PHOENIX, AZ / ACCESSWIRE / June 17, 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 a new strategic billing partnership with Rev.io. Crexendo selected Rev.io due to the platform's automation capabilities, billing scalability for new product launches, and its existing partnership and integrations with NetSapiens.

Steven G. Mihaylo, Chief Executive Officer commented "Partnering with Rev.io is part of Crexendo's effort to transform its billing management, back-office operations, and improve customer experience using Rev.io's comprehensive suite of features including real-time ratings, subscriptions, quoting, taxation, billing, collections, and customer enablement solutions. NetSapiens is already integrated with Rev.io and the powerful suite of services will be a strong benefit to our customers. The integration was essential to our successful launch of the transformative VIP Cloud Communications Platform for Business featuring the 100% UPTIME Service Guarantee. We believe this partnership will provide better service for our customers, help reduce our costs and assist our efforts in increasing shareholder value."

Brent Maropis, CEO at Rev.io. commented: "We look forward to helping Crexendo efficiently scale its billing and back office as the business continues on an impressive growth trajectory. Rev.io's scalable automation capabilities, familiarity and comfort level with our existing partnership with NetSapiens, and transparent ACT TOP culture directly align with Crexendo's values to create a strong foundation for this strategic partnership."

About Crexendo
Crexendo, Inc. is an award-winning premier provider of 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.

About NetSapiens
NetSapiens, Inc. provides a comprehensive suite of unified communications (UC), video conferencing, Collaboration & contact center solutions to over 175+ service providers, servicing over 1.7M users around the globe. The NetSapiens platform enables our UCaaS partners to provide custom-package solutions with unprecedented levels of flexibility, profitability, and ease of use.

About Rev.io
Rev.io is a robust billing as a service (BaaS) platform, integrated merchant payments processor, and customer management software solution. Built to solve mission-critical problems of communications companies, IoT companies, and Managed Service Providers, Rev.io enables businesses with sophisticated subscription billing models to accurately manage their end customers' billing, usage, taxation, and payment processing.

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 including but not limited to Crexendo: (i) Partnering with Rev.io to transform its billing management, back-office operations, and improve customer experience; (ii) believing the powerful suite of services will be strong benefit to our customers; (iii) believing the integration was essential to the launch of the transformative VIP Cloud Communications Platform for Business Featuring the 100% UPTIME Service Guarantee; (iv) believing the partnership will provide better service for customers, help reduce costs and assist efforts in increasing shareholder value.

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, 2020, quarterly Form 10-Qs as filed with the SEC, and Definitive Proxy filed on April 26, 2021. 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.

CONTACT:

Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com

Rev.io
Patrick Elliott
VP of Marketing
866-470-5502
patricke@rev.io

SOURCE: Crexendo, Inc.

View source version on accesswire.com:
https://www.accesswire.com/652061/Crexendo-Selects-Revio-as-Partner-to-Support-Growth

FAQ

What is Crexendo's latest partnership about?

Crexendo has partnered with Rev.io to enhance its billing management and improve customer experience.

How will the Rev.io partnership impact Crexendo's operations?

The partnership aims to automate billing processes and support new product launches.

What is the significance of the VIP Cloud Communications Platform?

It features a 100% uptime service guarantee and is integral to Crexendo's growth strategy.

What are Crexendo's expectations from the Rev.io collaboration?

Crexendo expects reduced costs and increased shareholder value from this partnership.

Which platform is integrated with Rev.io to benefit Crexendo?

Rev.io is integrated with NetSapiens, enhancing service offerings for Crexendo's customers.