# Crexendo

Crexendo is an Asset Manager based in Tempe, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tempe, United States
- **Region:** North America
- **Address:** Tempe, AZ, United States
- **Founded:** 1995
- **Assets under management:** $50M–$200M (Altss estimate)
- **Website:** crexendo.com

## Regulatory record

- **Reports private funds:** No

## About

Korn founded the company in 1995 as iMergent, originally focused on e-commerce software for small businesses. The firm operated as a publicly listed entity on the NYSE American exchange under that name until a 2011 rebranding shifted the focus toward a proprietary cloud telecommunications platform. The name change to Crexendo in 2019 marked the completion of a strategic pivot away from web-services licensing and toward a unified communications-as-a-service model, where the company develops and sells its own CPaaS and SIP trunking software alongside a growing hardware and managed services division. Crexendo deploys capital primarily through direct acquisitions of regional cloud-telephony providers, consolidating fragmented customer bases onto its single technology stack. The firm has acquired companies including NetSapiens, a wholesale UCaaS platform serving communications service providers, and Allegiant Networks, a managed network and VoIP firm based in Kansas City. Its strategy targets small-to-midsize North American markets, with an active subscriber footprint in the United States and Canada. The company combines organic software licensing from the NetSapiens platform with recurring subscription revenue from end-user seats, generating a diversified revenue mix across direct sales, partner channels, and wholesale carriage. The company reported roughly 4.5 million total software platform seats under management in early 2025, a figure that includes end-users served by reseller partners through the NetSapiens wholesale model. Jeff Korn remains CEO and primary operational decision-maker. A secondary office operates in Draper, Utah, alongside its Tempe, Arizona headquarters. An affiliated philanthropic structure called the Crexendo Foundation, registered in 2024, directs a portion of corporate profits toward community grants in the company's operating regions. May 2024: Crexendo appointed Doug Gaylor as President and COO, promoting him from his prior role as CRO (per the firm, May 2024). Crexendo operates as a publicly listed micro-cap business — not a private family office or a growth-stage venture fund — which means its capital-allocation cycle is disciplined by quarterly earnings and investor-relations cadences rather than the discretionary tempo of a family principal. Management holds a substantial equity stake, aligning insider incentives directly with share-price performance, a governance architecture that places firm-level investment decisions under conventional audit and board scrutiny rather than the single-operator discretion common among unlisted family vehicles.

## Sectors

- Enterprise Software
- Telecommunications

## People

- Jeff Korn — Chief Executive Officer

## Questions

### Who runs investment decisions at Crexendo?

Jeff Korn, the founder and CEO, leads strategy and capital allocation, including the acquisition pipeline for cloud-telephony targets. Doug Gaylor, appointed President and COO in 2024, oversees operational integration of acquired assets. The company's public-company board provides governance oversight for all material transactions.

### What is the NetSapiens platform and how does it fit into Crexendo's strategy?

NetSapiens is a wholesale multi-tenant UCaaS platform that Crexendo acquired to serve communications service providers rather than end-user businesses directly. It generates software-licensing revenue from telcos, cable companies, and managed-service providers that white-label the platform under their own brands. This wholesale channel operates alongside Crexendo's direct-to-business subscription offering, creating a two-tier revenue model.

### What is Crexendo's known posture on co-investments or partnerships with external firms?

Crexendo does not operate a co-investment or fund-commitment program in the style of a family office or private equity firm. Its partnership model is channel-driven: the NetSapiens wholesale platform licenses its software to independent telecom operators who resell under their own branding. These are purely commercial licensing relationships, not co-investment partnerships.

### How large is Crexendo's subscriber base?

The company disclosed roughly 4.5 million total software-platform seats under management in early 2025, which includes end-users served through its wholesale partner channel alongside direct subscribers. NetSapiens platform licensees account for the majority of that seat count. Recurring subscription and licensing revenue scale proportionally with seat growth.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/crexendo-inc

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