Crexendo Software Platform Growth Surges to Surpass 5 Million Users
Crexendo (Nasdaq:CXDO), a leading software technology company, has surpassed 5 million global users for its cloud communication platform. According to Frost & Sullivan, Crexendo's platform is now the third largest and fastest-growing software platform in North America, growing at nearly twice the rate of its two largest competitors. The company licenses its software to over 230 Partners and supports more than 400 applications through its API capabilities, including AI-powered solutions.
CEO Jeff Korn emphasized Crexendo's commitment to providing cutting-edge technology and exceptional service in UCaaS, CCaaS, and SaaS offerings. The company has doubled its end-user base in just over two years and expects this rapid growth to continue. Crexendo aims to empower businesses with advanced, scalable, and flexible communication solutions to drive productivity and growth in the evolving digital landscape.
Crexendo (Nasdaq:CXDO), un'importante azienda tecnologica nel settore del software, ha superato i 5 milioni di utenti globali per la sua piattaforma di comunicazione cloud. Secondo Frost & Sullivan, la piattaforma di Crexendo è ora la terza piattaforma software più grande e in più rapida crescita in Nord America, crescendo a quasi il doppio rispetto ai suoi due maggiori concorrenti. L'azienda concede in licenza il suo software a oltre 230 partner e supporta più di 400 applicazioni attraverso le sue capacità API, comprese le soluzioni basate su intelligenza artificiale.
Il CEO Jeff Korn ha sottolineato l'impegno di Crexendo nel fornire tecnologie all'avanguardia e un servizio eccezionale nelle offerte UCaaS, CCaaS e SaaS. L'azienda ha raddoppiato la propria base di utenti finali in poco più di due anni e prevede che questa rapida crescita continuerà. Crexendo punta a potenziare le aziende con soluzioni di comunicazione avanzate, scalabili e flessibili per aumentare la produttività e la crescita nel panorama digitale in evoluzione.
Crexendo (Nasdaq:CXDO), una destacada empresa de tecnología de software, ha superado los 5 millones de usuarios globales en su plataforma de comunicación en la nube. Según Frost & Sullivan, la plataforma de Crexendo es ahora la tercera plataforma de software más grande y de más rápido crecimiento en América del Norte, creciendo a casi el doble de la tasa de sus dos mayores competidores. La empresa otorga licencias de su software a más de 230 socios y soporta más de 400 aplicaciones a través de sus capacidades API, incluyendo soluciones impulsadas por inteligencia artificial.
El CEO Jeff Korn enfatizó el compromiso de Crexendo de proporcionar tecnología de vanguardia y un servicio excepcional en las ofertas de UCaaS, CCaaS y SaaS. La compañía ha duplicado su base de usuarios finales en poco más de dos años y espera que este rápido crecimiento continúe. Crexendo tiene como objetivo empoderar a las empresas con soluciones de comunicación avanzadas, escalables y flexibles para impulsar la productividad y el crecimiento en el paisaje digital en evolución.
Crexendo (Nasdaq:CXDO)은 선도적인 소프트웨어 기술 회사로, 클라우드 커뮤니케이션 플랫폼에서 전 세계 500만 명 이상의 사용자를 초과 달성했습니다. Frost & Sullivan에 따르면, Crexendo의 플랫폼은 현재 북미에서 세 번째로 큰 가장 빠르게 성장하는 소프트웨어 플랫폼이었으며, 두 대형 경쟁자들에 비해 거의 두 배의 속도로 성장하고 있습니다. 회사는 230개 이상의 파트너에게 소프트웨어 라이센스를 제공하며, AI 기반 솔루션을 포함해 400개 이상의 응용 프로그램을 API 기능을 통해 지원합니다.
CEO Jeff Korn은 Crexendo의 UCaaS, CCaaS 및 SaaS 제공 서비스에서 첨단 기술과 탁월한 서비스를 제공할 것에 대한 결심을 강조했습니다. 이 회사는 단 2년 만에 최종 사용자 기반을 두 배로 늘렸습니다 및 이러한 급속한 성장이 계속될 것으로 예상하고 있습니다. Crexendo는 기업들이 진화하는 디지털 환경에서 생산성과 성장을 이끌어낼 수 있도록 고급, 확장 가능하며 유연한 커뮤니케이션 솔루션으로 기업을 지원하는 것을 목표로 하고 있습니다.
Crexendo (Nasdaq:CXDO), une entreprise leader dans le domaine de la technologie logicielle, a dépassé les 5 millions d'utilisateurs dans le monde entier pour sa plateforme de communication cloud. Selon Frost & Sullivan, la plateforme de Crexendo est désormais la troisième plus grande et la plus rapide croissance des plateformes logicielles en Amérique du Nord, croissant presque deux fois plus vite que ses deux plus grands concurrents. L'entreprise accorde des licences de son logiciel à plus de 230 partenaires et prend en charge plus de 400 applications grâce à ses capacités API, y compris des solutions alimentées par l'intelligence artificielle.
Le PDG Jeff Korn a souligné l'engagement de Crexendo à fournir des technologies de pointe et un service exceptionnel dans les offres UCaaS, CCaaS et SaaS. L'entreprise a doublé sa base d'utilisateurs finaux en un peu plus de deux ans et s'attend à ce que cette croissance rapide se poursuive. Crexendo vise à donner aux entreprises des solutions de communication avancées, évolutives et flexibles pour stimuler la productivité et la croissance dans un paysage numérique en évolution.
Crexendo (Nasdaq:CXDO), ein führendes Unternehmen in der Softwaretechnologie, hat über 5 Millionen globale Nutzer für seine Cloud-Kommunikationsplattform überschritten. Laut Frost & Sullivan ist die Plattform von Crexendo jetzt die drittgrößte und am schnellsten wachsende Softwareplattform in Nordamerika und wächst fast doppelt so schnell wie die beiden größten Wettbewerber. Das Unternehmen lizenziert seine Software an über 230 Partner und unterstützt mehr als 400 Anwendungen über seine API-Funktionen, darunter KI-gestützte Lösungen.
CEO Jeff Korn betonte das Engagement von Crexendo, fortschrittliche Technologien und außergewöhnlichen Service in den Angeboten von UCaaS, CCaaS und SaaS bereitzustellen. Das Unternehmen hat seine Endbenutzerbasis innerhalb von nur zwei Jahren verdoppelt und erwartet, dass dieses schnelle Wachstum anhalten wird. Crexendo zielt darauf ab, Unternehmen mit fortschrittlichen, skalierbaren und flexiblen Kommunikationslösungen zu unterstützen, um die Produktivität und das Wachstum in der sich entwickelnden digitalen Landschaft voranzutreiben.
- Surpassed 5 million global users for its cloud communication platform
- Third largest and fastest-growing software platform in North America
- Growing at nearly twice the rate of the two largest platform providers in the UCaaS industry
- Licenses software to over 230 Partners
- Supports more than 400 applications through API capabilities
- Doubled end-user base in just over two years
- None.
Insights
Crexendo's milestone of surpassing 5 million global users signifies substantial growth in the UCaaS market. As the third-largest and fastest-growing software platform in North America, Crexendo is outpacing industry giants. This rapid expansion, doubling users in just over two years, demonstrates strong market demand and effective strategy execution.
The company's focus on AI integration and API capabilities positions it well for future growth. Supporting over 400 applications through their API shows a commitment to flexibility and interoperability, important factors for businesses seeking comprehensive communication solutions. This technological edge could be a key differentiator in the competitive UCaaS landscape.
Crexendo's user growth is impressive, but investors should look beyond raw numbers. The company's 230+ partners suggest a robust distribution network, potentially lowering customer acquisition costs. However, the announcement lacks specific financial metrics, making it difficult to assess profitability and revenue growth.
The UCaaS market is highly competitive, with Crexendo competing against well-established players. While rapid growth is positive, it's important to monitor whether this translates into improved financial performance. Investors should watch for upcoming earnings reports to see if user growth correlates with revenue and margin expansion, which will be key indicators of long-term value creation.
Crexendo's achievement reflects broader trends in the UCaaS market, which is experiencing rapid growth due to digital transformation and remote work adoption. The company's claim of growing nearly twice the rate of the two largest platform providers suggests it's capturing market share effectively.
The focus on AI and advanced features aligns with increasing demand for sophisticated communication tools. However, as the market matures, competition will intensify. Crexendo's ability to maintain its growth rate and differentiate its offerings will be crucial. The shift to reporting user milestones in 1 million increments indicates confidence in continued rapid expansion, but also raises expectations that the company will need to meet consistently.
PHOENIX, AZ / ACCESSWIRE / August 13, 2024 / Crexendo®, Inc. (Nasdaq:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced it has surpassed 5 million global users*. Crexendo's software platform is the third largest, and fastest growing software platform in North America, according to Frost & Sullivan, and is growing at nearly twice the rate of the two largest platform providers in the UCaaS industry, thus firmly establishing Crexendo as a top-tier provider on a global stage.
Crexendo licenses its software platform to over 230 Partners that leverage Crexendo's robust technology, feature set and solutions to support their rapidly growing base of customers. Crexendo's software solutions support over 400 applications through our award-winning API capabilities, including many solutions using AI technology. The integration of advanced AI capabilities ensure that the platform continuously adapts to evolving business needs, offering clients a dynamic, forward-thinking solution that supports their growth and success.
"Our leadership in providing the top cloud communications software is built on our unwavering focus on providing cutting-edge technology and exceptional service," said Jeff Korn CEO and Chairman. "We are committed to pushing the boundaries of what's possible in our UCaaS, CCaaS and SaaS offerings and ensuring our users stay ahead of the industry. As we continue to expand, we remain steadfast in our mission to transform business communications on a global scale."
"By consistently improving and enhancing our technology and understanding the evolving needs of our users, we ensure they have access to the most advanced, scalable, and flexible communication solutions available," Korn continued. " We have doubled the number of end users that rely on Crexendo's technology in just a little over two years and I expect that rapid growth to continue. Our goal is to empower our service providers and end-user businesses to achieve their full potential through seamless and efficient communication, driving productivity and growth. As we look to the future, we will continue providing our customers with the best software and solutions they need to thrive in a rapidly changing digital landscape."
As Crexendo celebrates this remarkable milestone, the company remains dedicated to setting new standards in the cloud communications industry. With its commitment to innovation and a customer-centric approach, Crexendo is well-positioned to lead the way in delivering transformative solutions that drive business success. The continued expansion and adoption of Crexendo's software platform underscore its pivotal role in shaping the future of global communications.
In light of its exceptional growth, Crexendo will now report end user milestones in increments of one million. For more information about Crexendo and its award-winning solutions, please visit www.crexendo.com.
*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 software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over five million end users globally, through an extensive network of over 230 cloud communication platform software subscribers and our direct retail offering.
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 information about Crexendo (i) remarkable growth at nearly twice that of the UCaaS industry; (ii) firmly establishes Crexendo as a top-tier provider on a global stage; (iii) offering clients a dynamic, forward-thinking solution that supports their growth and success; (iv) we ensure they have access to the most advanced, scalable, and flexible communication solutions available; (v) We are committed to pushing the boundaries of what's possible in cloud communications and ensuring our users stay ahead of the industry; (vi) we continue to expand, we remain steadfast in our mission to transform business communications on a global scale; (vii) we ensure they have access to the most advanced, scalable, and flexible communication solutions available; (viii) providing our customers with the tools they need to thrive in a rapidly changing digital landscape and (ix) the company remains dedicated to setting new standards in the cloud communications industry."
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, 2023, and 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.
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
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