Crexendo Completes $35M ESI Acquisition, Projecting Near $100M Annual Revenue Run Rate
Summary
Crexendo, a cloud communication platform provider, has completed the acquisition of Estech Systems (ESI) for $35 million, comprising $27.3 million in cash and $7.7 million in common stock. ESI, which generated approximately $26 million in revenue in 2025, is expected to be immediately accretive to Crexendo's revenue and EBITDA. This strategic acquisition is projected to position Crexendo to achieve a nearly $100 million run rate in annual revenue, significantly expanding its scale and market presence. The company anticipates realizing meaningful cost and revenue synergies, enhancing EBITDA margins and cash flow over the next 12-24 months. Management is scheduled to provide further details on the acquisition during its upcoming year-end conference call tomorrow, which will be a key event for investors to monitor for updated financial guidance and integration plans.
At the time of this announcement, CXDO was trading at $5.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $179.5M. The 52-week trading range was $3.75 to $7.80. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Acceswire.