The news was recently announced that the Crexendo® brand grew a bit larger with its acquisition of Allegiant Networks, LLC, which was finalized on November 1st. The announcement comes a little over a year after their previous and successful acquisition of NetSapiens, helping them grow their network and become the fast-growing UCaaS provider in the United States with over 2.5 million end-users. The addition of Allegiant will help Crexendo increase its reach and expand its offerings to become the top communications solutions and service provider in the United States.
If you haven’t heard of Allegiant, they’re a regional telecom and data services company that offers Unified Communications as a Service (UCaaS), Telecom Services, Managed Services, and Network Services. The transaction is part of Crexendo®’s M&A strategy, which is to add robust organizations that share similar cultures.
The news of the acquisition demonstrates that the outlook for Crexendo® is positive, despite current economic times. Acquiring Allegiant will only reinforce Crexendo®’s standings in the telecoms industry and establish them as a significant player in the market.
A few days after the news of the acquisition was finalized and made shockwaves throughout the industry, Nasdaq congratulated the two organizations for their successful acquisition and becoming part of the Crexendo® family. The news is great on all fronts and will have a significant impact on the industry as a whole. Stay tuned to see how it all unfolds.
Updated November 8th to reflect Nasdaq’s messaging about the Crexendo® and Allegiant merger in Times Square.