A Profitable Exit for a Cloud-Native Communications Platform Provider
We’re proud of client and cloud-native communications platform provider NetSapiens in its merger agreement with Crexendo Enterprises for approximately $50 million. Procopio M&A attorney Jessica Lazur led negotiations, with Paul Johnson, John Miles, Eric Swenson, Matt Short, Bill Eigner, Shai Larkin, Christopher Tinen, Robert Levy, Sean Sullivan, Bill Belanger, Chris Jaczko and Alexandra “Sasha” Selfridge part of the team.
As Crexendo noted in announcing the deal, “NetSapiens is an award-winning, patented cloud-native communications platform delivered via a high availability, multi-tenant solution that can be consumed however the service providers prefer, in their cloud or the NetSapiens cloud, on a subscription or a purchase model. They currently support over 1.7 million users on their platform through a community of partners.” Learn more about our client’s exit in the Crexendo press release.