---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-001691"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:30:06.561865+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Crexendo completes $35M acquisition of Estech Systems; expects $100M revenue run rate

## Summary
- Purchase price $35M: $27.3M cash + $7.7M in stock (1,159,638 shares); closed March 1, 2026.
- ESI generated ~$26M revenue in 2025; acquisition at ~1.35x revenue, immediately accretive to EBITDA.
- ESI supports 6,200+ retail accounts and 75,000+ seats; adds strong engineering and sales team.
- Cost synergies expected from facilities consolidation, licensing optimization, and Oracle Cloud migration.
- Transaction positions Crexendo to approach $100M annual revenue run rate with enhanced operating leverage.

## SEC filing metadata
- accession: 0001654954-26-001691
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/0001654954-26-001691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-001691
- JSON: https://secwatch.observer/filing/0001654954-26-001691.json
- Plain text: https://secwatch.observer/filing/0001654954-26-001691.txt

## Source-grounded claims
- claim_id: 92c61fc8fa4ebc6f38b6eb3a5f081f0b0ca609c6
  claim: Crexendo, Inc. completed an acquisition involving Estech Holdings, Inc. for $35,000,000 (closed 2026-03-01).
  evidence_excerpt: is engaged in providing cloud-based and on-premises phone systems and business communication products and services. The aggregate purchase price for the Purchased Interests is $35,000,000 (the “ Purchase Price ”), subject to customary post-closing purchase price adjustments based on working capital, indebtedness, and transaction expenses. The Purchase Price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/0001654954-26-001691-index.htm
- claim_id: 9de1eb73b835594ad32869b3bd9d737dda7cd433
  claim: Crexendo, Inc. entered into Membership Interest Purchase Agreement with Estech Holdings, Inc. valued at $35,000,000 (effective 2026-03-01).
  evidence_excerpt: On March 1, 2026, Crexendo, Inc. (the “ Company ”) entered into a Membership Interest Purchase Agreement (the “ Purchase Agreement ”) with Estech Holdings, Inc., a Texas corporation (“ Seller ”), and the individuals listed therein, pursuant to which the Company agreed to purchase from Seller one hundred percent (100%) of the issued and outstanding membership interests (the “ Purchased Interests ”) of Estech Systems, LLC, a Delaware limited liability company, and its operating subsidiary, ESI Hosted Services, LLC (collectively, the “ Target ”), subject to the terms and conditions set forth in the Purchase Agreement (the “ Acquisition ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/0001654954-26-001691-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.