Crexendo And TELCLOUD Enter Into A Strategic Partnership Agreement
Portfolio Pulse from Benzinga Newsdesk
Crexendo, Inc. (NASDAQ:CXDO) and TELCLOUD announced a strategic partnership to launch a new POTS (Plain Old Telephone Service) Replacement platform. This collaboration aims to provide a seamless transition for Crexendo's partners from traditional POTS lines to a more advanced, cost-effective solution, in response to the FCC's mandate for carriers to move away from POTS lines. The new platform is integrated with the Netsapiens platform, offering white-labeled POTS Line Replacement and communications services. This partnership is expected to offer a competitive edge to Crexendo's network of over 220 platform partners by addressing the demand for reliable and affordable communication solutions in critical applications like Fire Alarms, Security Alarms, and Elevators.
February 13, 2024 | 2:10 pm
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Crexendo's strategic partnership with TELCLOUD to launch a new POTS Replacement platform is expected to strengthen its market position by offering a cost-effective and reliable solution to its partners. This move aligns with the FCC's mandate, addressing a critical need in the market for advanced communication solutions.
The partnership with TELCLOUD allows Crexendo to offer a timely and competitive solution that addresses a regulatory mandate and a significant market need. Given the FCC's push away from POTS lines and the exorbitant price hikes on traditional dial tone services, Crexendo's offering is likely to be well-received by its network of over 220 platform partners. This strategic move not only enhances Crexendo's product portfolio but also strengthens its position in the cloud communications and UCaaS market.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90