Welcome to our dedicated page for Crexendo news (Ticker: CXDO), a resource for investors and traders seeking the latest updates and insights on Crexendo stock.
About Crexendo Inc.
Crexendo Inc. (NASDAQ: CXDO) is a premier software technology company specializing in cloud communication platforms and Unified Communications as a Service (UCaaS). The company provides a comprehensive suite of services, including voice, video, contact center, and managed IT solutions, tailored to businesses of all sizes. Crexendo’s solutions are designed to enhance productivity, streamline communications, and reduce costs, making it a trusted partner for enterprises seeking scalable and customizable communication tools.
Core Business Segments
Crexendo operates through two primary business segments:
- Cloud Telecommunications: This segment offers hardware, software, and unified communication solutions leveraging IP and cloud technology. It provides subscription-based services that include free call center capabilities, detailed reporting, and unified communications tools.
- Software Solutions: Through its proprietary NetSapiens platform, Crexendo licenses advanced communication software to over 230 partners globally. This segment generates revenue through software licenses, maintenance support, and professional services, offering robust APIs and AI-driven features to enhance user experience.
Competitive Differentiators
Crexendo distinguishes itself in the competitive UCaaS and SaaS markets through:
- NetSapiens Platform: A highly scalable and feature-rich communication platform supporting over five million global users. The platform offers unmatched flexibility, enabling partners to deploy solutions in minutes.
- AI-Driven Innovations: Recent updates, such as the AI-powered Video Studio and Speech-to-Text Transcription, demonstrate Crexendo’s commitment to integrating cutting-edge technology into its offerings.
- Cost Efficiency: Crexendo’s solutions are typically 20-60% more affordable than traditional telecom services, delivering significant cost savings to clients.
- Global Reach: With data centers in the US, UK, Netherlands, and Australia, Crexendo ensures low latency and high reliability for customers worldwide.
- Security and Compliance: Crexendo adheres to the highest security standards, including PCI compliance, ensuring robust data protection for its clients.
Industry Significance
Crexendo is a recognized leader in the UCaaS industry, with Frost & Sullivan naming its NetSapiens platform the fastest-growing UCaaS platform in North America. The company’s strategic partnerships, such as its collaboration with Oracle Cloud Infrastructure, further enhance its competitive edge by improving performance and reliability. Crexendo’s solutions empower businesses to transition from legacy systems to modern, cloud-based communication platforms, driving digital transformation across industries.
Commitment to Innovation
Crexendo’s focus on research and development is evident in its continuous platform enhancements. The introduction of AI-driven features, such as sentiment analysis and automated meeting transcriptions, positions the company as a forward-thinking provider in the evolving communications landscape. Its open API ecosystem enables partners to develop custom applications, fostering innovation and expanding use cases.
Customer-Centric Approach
Crexendo prioritizes customer satisfaction through its reliable, scalable, and customizable solutions. Its managed IT services and robust support infrastructure ensure seamless integration and operation, making it a preferred choice for businesses seeking comprehensive communication solutions.
Conclusion
Crexendo Inc. is a transformative force in the cloud communications industry, offering innovative, cost-effective, and scalable solutions that cater to the diverse needs of its global customer base. With its focus on AI, security, and customer experience, Crexendo is well-positioned to continue driving growth and innovation in the UCaaS and SaaS markets.
Crexendo (Nasdaq: CXDO) completed its most successful Codefest during its annual User Group Meeting in Nashville, featuring 16 innovative entries focused on AI-driven solutions and enhanced collaboration tools. The event showcased solutions built on Crexendo's NetSapiens Platform open API framework. CCT Solutions from Germany and Netlink Voice from the US emerged as winners. CCT Solutions presented MX Cloud, a multi-experience Contact Center solution, while Netlink Voice demonstrated their Horizon Toolkit for enhanced platform management. Selected solutions will be available in the upcoming NetSapiens Platform Marketplace, creating new revenue opportunities through revenue sharing.
Crexendo's NetSapiens Platform User Group Meeting (UGM) has kicked off in Nashville with record attendance and participation. The sold-out event, running from October 21st to 24th, 2024, has seen a 35% year-over-year increase in partner participation. It marks the first in-person meeting of the International Partner Advisory Council, bringing together partners from outside North America.
The UGM showcases the NetSapiens software platform's growth, which now supports over five million end users globally and is adding 100,000+ new users monthly. The event features top service providers, partners, and ecosystem vendors, focusing on AI-driven innovations and the future of communications technology.
Crexendo CEO Jeff Korn highlighted the event's significance, noting it reinforces Frost & Sullivan's recognition of NetSapiens as the fastest-growing UCaaS platform in North America. The company expects the international market to be a substantial driver of future growth.
Crexendo (NASDAQ:CXDO) has announced its upcoming third quarter 2024 financial results conference call, scheduled for November 6, 2024, at 4:30 PM ET. The call will feature prepared remarks from key executives, including Jeff Korn (CEO), Doug Gaylor (President and COO), and Ron Vincent (CFO), followed by a Q&A session.
Participants can join the call using the following dial-in numbers:
- Domestic: 888-506-0062
- International: 973-528-0011
Crexendo (NASDAQ:CXDO) has announced SNOM as the official event sponsor for the upcoming NetSapiens Platform User Group Meeting (UGM) 2024, scheduled from October 21st to 24th in Nashville, TN. The annual event gathers service providers, partners, and vendors who use the NetSapiens platform for UCaaS and AI-driven cloud communications solutions.
The NetSapiens Platform, supporting over 5 million end users, was recently recognized as the fastest growing UCaaS platform in North America by Frost & Sullivan. Crexendo currently supports 11 SNOM devices and plans to expand support for additional models in the next platform release.
As the event sponsor, SNOM will showcase their latest VoIP innovations and demonstrate integration with the NetSapiens platform. This collaboration aims to provide attendees with insights into how top-tier hardware solutions support advanced unified communications environments.
Crexendo, a leading software technology company, has partnered with Symbio, a subsidiary of Aussie Broadband Group, to launch AdvancedPBX, a cloud-based communications solution. This innovative offering is built on Crexendo's NetSapiens platform, which has recently surpassed 5 million global users and is the third largest and fastest-growing software platform in North America.
AdvancedPBX will deliver advanced features including contact center capabilities and AI-driven smart call transcription. The solution can be provisioned through Telcoinabox's systems in just 5 minutes, streamlining deployment and management. This partnership showcases Crexendo's 'telco in a box' vision and empowers international service providers to scale advanced communication services rapidly.
Crexendo's AI-powered cloud communications platform has been recognized for outstanding usability and superior customer satisfaction in G2's Fall 2024 Reports. The platform ranked #1 for Ease of Use for the seventh consecutive quarter, with top rankings in various product features. Crexendo retained the Best Relationships award and was honored as a top trending provider in G2's Momentum Grid Reports.
The company maintained its 4.9 out of 5-Stars rating for ten consecutive quarters. Jeff Korn, Crexendo CEO, emphasized the company's focus on innovation, platform usability, and customer experience. He highlighted new innovations like Generative AI in Crexendo's VIP CX cloud contact center platform and VIP Voice AI Studio offering. Crexendo serves over 5 million end users globally and is recognized as the fastest-growing platform in the U.S.
Crexendo (NASDAQ:CXDO) announced record-breaking participation for its upcoming NetSapiens Platform User Group Meeting (UGM) in Nashville, TN from October 21-24. The event has sold out all sponsorships and attracted the highest number of sponsors, partners, and attendees in its history. This milestone follows Crexendo's NetSapiens platform surpassing five million end users, highlighting its expanding global reach.
The UGM will bring together top service providers, partners, and vendors to showcase the latest applications and innovations, many driven by AI. It will offer exclusive sessions, partner showcases, and insights from industry veterans. Jeff Korn, CEO and Chairman of Crexendo, emphasized the event's significance in demonstrating the strength of Crexendo's NetSapiens community and the demand for their innovative solutions.
Crexendo's NetSapiens platform has been recognized by Frost & Sullivan as the fastest growing UCaaS platform in North America. The platform provides service providers with scalability and flexibility without charging per-seat fees, enabling growth at twice the industry average.
Crexendo (NASDAQ:CXDO) has expanded its global reach by opening new data centers in Sydney and Melbourne, Australia. This expansion supports Crexendo's NetSapiens Platform Partners in the region and builds on the company's recent partnership with Oracle Cloud Infrastructure (OCI) announced in May 2024. The new data centers join existing facilities in the US, UK, and the Netherlands, enhancing Crexendo's ability to deliver high-performance cloud communication solutions worldwide.
The strategic move aims to provide localized hosting for improved access and reduced latency in the Asia-Pacific region. CEO Jeff Korn emphasized the company's commitment to offering best-in-class services with enhanced performance and reliability. SVP of International Markets Scott Goodwin highlighted the significance of this expansion in meeting growing regional demand and supporting Crexendo's global strategy.
Crexendo, a leading provider of cloud communication platform software and UCaaS solutions, has announced its participation in several upcoming investor conferences. The company plans to discuss its recent achievements, including:
- Reaching 5 million users
- Maintaining a streak of GAAP profitable quarters
- Offering top-rated customer service
- Developing award-winning disruptive technology
The conferences Crexendo will attend include the H.C. Wainwright Global Investment Conference, Lake Street BIG8 Conference, LD Micro Main Event, Craig-Hallum Alpha Select Conference, and Needham Virtual Infrastructure Conference. These events span from September to November 2024, providing multiple opportunities for investors to engage with Crexendo representatives.
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.
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