Crexendo, Inc. is a full-service cloud communications provider headquartered in Tempe, Arizona. The company specializes in delivering productivity-enhancing tools and cost savings to businesses of all sizes, from small to mid-sized enterprises. Crexendo's services include VoIP phone systems, call center solutions, video conferencing, and collaboration tools, all integrated into a seamless cloud-based platform.
Crexendo was founded in 1995 and initially operated under the name iMergent, Inc. The company rebranded to Crexendo, Inc. in May 2011 to better reflect its focus on cloud communications. Over the years, Crexendo has experienced significant growth, driven by its innovative solutions and strategic acquisitions. The company has been recognized as one of the fastest-growing companies in North America, with a notable 225% growth from 2020 to 2023.
Crexendo has raised funding through various rounds, including post-IPO equity rounds. The company is publicly traded on NASDAQ under the ticker symbol CXDO. As of early 2025, Crexendo has a market cap of approximately $167.22 million and an enterprise value of $154.21 million. The company has shown consistent financial performance, with a trailing 12-month revenue of $58.8 million.
Crexendo offers a comprehensive suite of cloud communication solutions, including:
Crexendo has made several strategic acquisitions to expand its product offerings and user base. Notable acquisitions include NetSapiens in 2021, which significantly increased Crexendo's user base, and Allegiant Technology in 2022. These acquisitions have allowed Crexendo to enhance its platform and offer more robust solutions to its customers.
Crexendo continuously innovates its platform, with recent updates introducing groundbreaking AI features. The v44.2 release includes AI-driven video conferencing, automated meeting recordings, transcriptions, sentiment analysis, and smart search capabilities. These features are designed to enhance communication efficiency and provide valuable insights for businesses.
Crexendo places a strong emphasis on company culture and employee experience. The company values innovation, customer service, and transparency. Crexendo's mission is to deliver innovative cloud communication and technology solutions while maintaining a high level of customer satisfaction. The company fosters a positive work environment and invests in employee development to ensure a motivated and productive workforce.
Crexendo's platform supports over four million end users globally, a significant increase from the 1.7 million users at the time of the NetSapiens acquisition in 2021. The company's user base includes a diverse range of businesses, from small enterprises to large corporations, benefiting from Crexendo's advanced communication solutions.
