Following its selection by a prominent organization, shares of Crexendo, Inc. (NASDAQ: CXDO) experienced a notable surge in trading activity on Tuesday. In after-hours trading, CXDO stock rose by 2.54%, reaching $5.24, subsequent to an impressive regular-session increase of 15.09% that concluded at $5.11.
Crexendo Coming Up With Creative Approaches to Communication
A strategic agreement between Aussie Broadband Group subsidiary Symbio and Crexendo was recently launched, with the aim of introducing AdvancedPBX, a cloud-based communications system that is considered revolutionary. Based on Crexendo’s NetSapiens platform, this solution has amassed more than five million global users and, according to Frost & Sullivan, is now the third-largest and fastest-growing software platform in North America.
The growth rate of Crexendo’s NetSapiens platform is almost twice as high as that of its two biggest rivals in the Unified Communications as a Service (UCaaS) market. With only a few minutes of configuration, service providers will have access to a feature-rich, scalable, and quick-to-launch solution thanks to this sophisticated platform.
Advanced Features and Capabilities
The AdvancedPBX solution will leverage Crexendo’s cutting-edge platform to offer a range of communication features, including sophisticated contact center capabilities and AI-driven smart call transcription. Provisioned through Telcoinabox’s operational and business support systems, the solution streamlines deployment and management processes, enabling service activation in as little as five minutes.
This collaboration exemplifies Crexendo’s ‘telco in a box’ vision, providing a comprehensive, ready-to-deploy system that empowers international service providers to enhance their communication services and exceed customer expectations with exceptional speed.
A Milestone Partnership
The launch of AdvancedPBX marks a significant milestone for both Crexendo and Symbio, demonstrating the strength of their partnership in delivering innovative cloud-based communication solutions to service providers on a global scale. By integrating Crexendo’s NetSapiens platform with Symbio’s Telcoinabox, AdvancedPBX is poised to redefine the communications landscape, equipping service providers with the necessary tools to succeed in an increasingly competitive market.
