secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001654954-26-001691
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/0001654954-26-001691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426001691/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-001691

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer