[September 22, 2014] |
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j2 Global Acquires Web24 Group Pty Ltd.
LOS ANGELES --(Business Wire)--
j2 Global (News - Alert), Inc. (NASDAQGS: JCOM), the global provider of Internet
services, today announced its expansion into the web hosting market with
the acquisition of the assets of Web24 Group Pty Ltd., based in
Melbourne, Australia.
Web24 offers domain name, web hosting, dedicated or shared servers and
related services primarily to small and mid-size businesses in Australia
and elsewhere. This is a natural extension of j2's business cloud
services and provides the infrastructure and expertise required to
expand Web24's business into additional countries, whether organically
or via future acquisitions. All data for Web24's Australian customers
will continue to be stored exclusively in Australia.
"This acquisition and our entry into the web hosting arena provide j2
skilled personnel and an industry leading platform for delivering
world-class hosting and related services," said Hemi Zucker, CEO of j2.
"This positions us to leverage these assets to expand this business both
within Australia and to other countries, broadening j2's business cloud
services solutions globally."
Terms of the acquisition were not disclosed and the financial impact to
j2 is not expected to be material.
Learn more at www.web24.com.au.
About j2 Global
j2 Global, Inc. provides Internet services through two divisions:
Business Cloud Services and Digital Media. The Business Cloud Services
Division offers Internet fax, virtual phone, hosted email, email
marketing, online backup, unified communications, web hosting and CRM
solutions. It markets its services principally under the brand names eFax®,
eVoice®,
FuseMail®,
Campaigner®,
KeepItSafe®,
Livedrive®,
Onebox®
and Web24®,
and operates a messaging network spanning 49 countries on six
continents. The Digital Media Division offers technology, gaming and
lifestyle content through its digital properties, which include PCMag.com, IGN.com,
AskMen.com,
Toolbox.com
and others. The Digital Media Division also operates NetShelter®
Powered by BuyerBase®,
an advanced digital ad targeting platform, and Ziff
Davis B2B, a leading provider of research to enterprise buyers and
leads to IT vendors. As of December 31, 2013, j2 had achieved 18
consecutive fiscal years of revenue growth. For more information about
j2, please visit www.j2global.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Certain statements in this Press Release are
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management's current expectations or beliefs and
are subject to numerous assumptions, risks and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements. These factors and uncertainties include,
among other items the ability to successfully integrate and expand
Web24's services within or outside of Australia and the numerous other
factors set forth in j2 Global's filings with the Securities and
Exchange Commission ("SEC (News - Alert)"). For a more detailed description of the risk
factors and uncertainties affecting j2 Global and its Business Cloud
Services Division in particular, refer to j2's 2013 Annual Report on
Form 10-K filed on March 3, 2014, and the other reports filed by j2
Global from time-to-time with the SEC, each of which is available at www.sec.gov
and at www.investor.j2global.com.
The forward-looking statements provided in this press release are based
on limited information available to j2 Global at this time, which is
subject to change. Although management's expectations may change after
the date of this press release, j2 Global undertakes no obligation to
revise or update these statements.
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