[January 05, 2015] |
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j2 Global Closes 2014 with Eight Acquisitions across Cloud and Media
j2 Global, Inc. (NASDAQGS:JCOM), the global provider of Internet
services, today announced that it closed eight acquisitions in December,
one for its Media Division (previously announced) and seven for its
Cloud Services Division.
These additions grow the company's global customer base, provide access
to new markets, and expand j2's product lineup. The acquisitions include:
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Scene, LLC d/b/a Ookla (Media, USA)
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Newrise Corp. (Fax, USA)
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Arion IT Limited (Backup, Ireland)
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Technology Partners LLC (Backup, USA)
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Quantum (News - Alert) RBS Inc. (Backup, Canada)
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Comendo Security A/S and other affiliates (Email Security, Denmark)
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Stay Secure (NCSG Holding AB) (Email Security, Sweden)
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TestudoData LLC (Email Security, USA)
j2 also adds European offices in Copenhagen, Denmark and Stockholm,
Sweden. The company's footprint now includes 12 offices worldwide.
"We successfully executed on our fourth quarter M&A plan," said j2's
CEO, Hemi Zucker. "j2's global acquisition team hit its mark again, with
media, backup, email security, and fax deals across North America and
Europe. Our ability to opportunistically and consistently deliver on our
M&A roadmap, while we organically grow our businesses, is a strategic
differentiator for us."
"Our pipeline is strong heading into 2015," said Scott Turicchi, j2's
President and CFO. "We enter the year with great momentum, targeting a
wide range of global opportunities in both the Cloud Services and
Digital Media spaces."
Terms of the individual acquisitions were not disclosed and the
financial impact to j2 is not expected to be material.
Learn more at j2global.com.
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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 and CRM solutions. It
markets its services principally under the brand names eFax®,
eVoice®,
FuseMail®,
Campaigner®,
KeepItSafe®,
Livedrive®
and Onebox®,
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
services provided by the acquisitions into those of j2, to expand and
grow j2's various business segments globally and the numerous other
factors set forth in j2 Global's filings with the Securities and
Exchange Commission ("SEC"). For a more detailed description of the risk
factors and uncertainties affecting j2 Global and its Business Cloud
Services Division and Digital Media 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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