Crexendo, Inc., a hosted services company that provides hosted telecommunications services, hosted website services, website development software and broadband internet services for businesses and entrepreneurs, today announced an asset purchase agreement with One Stop Voice (“OSV”). OSV provides top of the line, feature rich, cloud-based communications systems to small and medium sized business customers. OSV is located in Scottsdale, AZ. and provides services nationwide with a focus in Arizona.
Steven G. Mihaylo, Chief Executive Officer, commented, “We are very pleased with the OSV asset purchase and the synergies that our companies offer each other. We have indicated that we intend to grow our business both by acquisition and organically. We expect to add approximately $500,000 in annual revenues with this acquisition and we expect the acquisition to be accretive from day one. This acquisition confirms our commitment to acquiring accretive companies that expand our customer base and increase shareholder value.”
Crexendo hopes to make the transition seamless by hiring OSV’s customer service supervisor as well as their sales director to assure a smooth migration of OSV’s customer base into Crexendo. In addition, Crexendo has entered into an agreement with OSV to maintain certain support functions to assure a flawless transition with no disruption to any customers.
Josh Simon, managing partner of OSV, said, “We knew that to keep providing the level of service our customers expect, substantial infrastructure investment was required. When we determined that one solution was to partner with a larger, more established company, Crexendo more than met our needs. Crexendo provides world class products and services and we were amazed by their commitment to customers and customer service.”
For more information on the Crexendo’s acquisition of OSV click here
Photo courtesy of Crexendo
