Our company name "Xavo" was the chosen one out of hundrets. We mainly concentrated on names at the beginning and the end of the alphabet - because these are the most prominent places in listings like yellow pages, trade show exhibitor catalogs and so on. The name Xavo collected the most points in the evaluation process. One of the founders then tried to create an acronym like "neXt Additional Valuable Order" - I'm serious, that was the end of the 90s :-)
At the end this acronym didn't make it and so our company name is nothing more than a nice, short, rememberable brand name. For most of us it does not have a meaning in terms of an acronym but we are connected to it and our companies history.