Crescent Acquisition Corp and LiveVox Reiterate First Quarter Highlights and Announce Conference Attendance

Crescent Acquisition Corp (NASDAQ: CRSA) ("Crescent"), a publicly-traded special purpose acquisition company, and LiveVox Holdings, Inc. ("LiveVox" or the "Company"), a cloud-based provider of customer service and digital engagement tools, announced first quarter financial highlights in a webcast on May 24^th, 2021. The webcast is available here or on Crescent's website (www.crescentspac.com) under Investor Relations. Highlights of the webcast include:

• First Quarter 2021 Bookings growth of 119% year-over-year, 7% above internal plan
• First Quarter 2021 Contracted Revenue growth of 23% year-over-year, 2% above internal plan
• 23% growth in Quota Carrying Headcount year-over-year
• Full Year 2021 Revenue guidance of $129 million reiterated
• Full Year 2022 Revenue expected to grow 26% with upside to 35%

LiveVox projects contracted revenue growth to accelerate throughout the year, with 25% growth year-over-year being forecast for 2021 and higher growth projected for 2022. The Company also expects usage revenue to normalize as the global pandemic subsides, with the end of direct-to-consumer stimulus and collections forbearances driving potential upside to the 1.4x usage multiplier assumed for the 2022 revenue forecast of $163 million.

As a reminder, all Crescent stockholders as of the record date of May 10, 2021 are encouraged to vote on the business combination between Crescent and LiveVox (the "Business Combination"). You are encouraged to read the definitive proxy statement that Crescent filed with the Securities and Exchange Commission (the "SEC") on May 14, 2021 in connection with Crescent's solicitation of proxies for the special meeting of the stockholders of Crescent to be held to approve the Business Combination and other related matters. The special meeting is scheduled for June 16, 2021 at 10 AM PT.

Conference Attendance

The Company is also announcing that Louis Summe, co-founder and CEO of LiveVox, and Gregg Clevenger, CFO, will be participating in two upcoming investor conferences:

• Cowen 49^th Annual Technology, Media & Telecom Conference: Louis Summe and Gregg Clevenger will be hosting one on one investor meetings on Tuesday, June 1, 2021
• Stifel Cross Sector Insight Conference: Louis Summe and Gregg Clevenger will be hosting one on one investor meetings on Tuesday, June 8, 2021

Please contact your sales representative if you would like to set up a meeting with management.

About LiveVox

LiveVox, a portfolio company of Golden Gate Capital, is a cloud-based contact center platform. By seamlessly integrating omnichannel communications, customer relationship management (CRM), and workforce optimization (WFO), LiveVox delivers exceptional agent and customer experiences, while helping to reduce compliance risk. LiveVox's reliable, easy-to-use technology enables effective engagement strategies on channels of choice to help drive contact center performance. Founded in 2000, LiveVox is headquartered in San Francisco with offices in Atlanta, Denver, St. Louis, Colombia, and Bangalore. To learn more, visit www.livevox.com.

On January 14, 2021, LiveVox announced plans to merge with Crescent to become a publicly traded company. Consummation of the Business Combination is subject to customary closing conditions, including approval by Crescent's stockholders.

About Crescent Acquisition Corp

Crescent is a special purpose acquisition company formed by Crescent Capital, Robert D. Beyer and Todd M. Purdy for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Notable software and services investments sponsored by Golden Gate Capital include Infor, BMC, Neustar, Ensemble Health Partners, Vector Solutions, and 20-20 Technologies.

IMPORTANT LEGAL INFORMATION

Additional Information about the Proposed Transaction and Where to Find It

This communication may be deemed solicitation material in respect of the proposed Business Combination between Crescent and LiveVox. The Business Combination will be submitted to the stockholders of Crescent and LiveVox for their approval. In connection with such stockholder vote, Crescent filed with the SEC a proxy statement on Schedule 14A and mailed a definitive proxy statement to its stockholders in connection with Crescent's solicitation of proxies for the special meeting of the stockholders of Crescent to be held to approve the Business Combination. This communication does not contain all the information that should be considered concerning the proposed Business Combination and the other matters to be voted upon at the special meeting and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. Crescent's stockholders and other interested parties are urged to read the proxy statement, the amendments thereto, the definitive proxy statement and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC carefully and in their entirety in connection with Crescent's solicitation of proxies for the special meeting to be held to approve the Business Combination and other related matters, as these materials contain important information about LiveVox and Crescent and the proposed Business Combination. The definitive proxy statement is being mailed to the stockholders of Crescent as of the record date established for voting on the proposed Business Combination and the other matters to be voted upon at the special meeting. Such stockholders may also obtain copies of the proxy statement, without charge, at the SEC's website at http://www.sec.gov, at Crescent's website at http://www.crescentspac.com or by directing a request to Crescent Acquisition Corp, 11100 Santa Monica Blvd., Suite 2000, Los Angeles, CA 90025.

Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be made directly in this communication. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon management estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Crescent or LiveVox, as the case may be, as of the date of this communication, and may include, without limitation, changes in general economic conditions, including as a result of COVID-19, all of which are accordingly subject to change. Any such estimates, assumptions, expectations, forecasts, views or opinions set forth in this communication constitute Crescent's or LiveVox's, as the case may be, judgments and should be regarded as indicative, preliminary and for illustrative purposes only. The forward-looking statements and projections contained in this communication are subject to a number of factors, risks and uncertainties, some of which are not currently known to Crescent or LiveVox, that may cause Crescent's or LiveVox's actual results, performance or financial condition to be materially different from the expectations of future results, performance of financial condition. Although such forward-looking statements have been made in good faith and are based on assumptions that Crescent or LiveVox, as the case may be, believe to be reasonable, there is no assurance that the expected results will be achieved. Crescent's and LiveVox's actual results may differ materially from the results discussed in forward-looking statements. Additional information on factors that may cause actual results and Crescent's performance to differ materially is included in Crescent's periodic reports filed with the SEC, including but not limited to Crescent's Amendment No. 1 to its Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020. Copies of Crescent's filings with the SEC are available publicly on the SEC's website at www.sec.gov or may be obtained by contacting Crescent. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and neither Crescent nor LiveVox undertake any obligations to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute an offer or invitation for the sale or purchase of securities, assets or the business described herein or a commitment to Crescent or LiveVox with respect to any of the foregoing, and this filing shall not form the basis of any contract, nor is it a solicitation of any vote, consent, or approval in any jurisdiction pursuant to or in connection with the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Participants in Solicitation

Crescent and LiveVox, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies of Crescent's stockholders in respect of the Business Combination. Information about the directors and executive officers of Crescent and of LiveVox and more detailed information regarding the identity of all potential participants, and their direct and indirect interests, by security holdings or otherwise, are set forth in the proxy statement for the Business Combination. Additional information regarding the identity of all potential participants in the solicitation of proxies to Crescent's stockholders in connection with the proposed Business Combination and other matters to be voted upon at the special meeting, and their direct and indirect interests, by security holdings or otherwise, are included in the proxy statement that Crescent filed with the SEC. Investors may obtain such information by reading such proxy statement.