Xoxzo, which started out as MARIMORE out of the corner of a kitchen in a small apartment in 2007, today ends a 14-year long chapter and starts a new one with the signed agreement for Accrete to acquire 67% ownership of Xoxzo.
The ownership transfer is planned to be finalized on October 7th 2021. At that time, Iqbal will step down as CEO of Xoxzo and we will welcome a new CEO and three other new board members from Accrete. Iqbal will continue as a member of the board for Xoxzo, and will continue to manage the day-to-day operations of the company.
We can expect our contribution to profit for the entire Accrete Group, with the extensive customer base and management resources of the SMS business that Accrete Inc. owns, our service would acquire the increasing of new clients and reduce the costs at the same time.
As a part of this strong business group, the Xoxzo brand will continue to provide even more enhanced services to its customers as well.
Company information of Accrete Inc. can be found here
In case you would like to recall the past steps of Xoxzo Inc., please visit here.
Thank you and best wishes,