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j2 Global Acquires Online Backup Business
LOS ANGELES, Oct 26, 2011 –/BackupReview.info/– j2 Global Communications, Inc. (nasdaqgs:JCOM), the provider of cloud-based services for businesses, today announced that it has acquired the online backup business of C Infinity, an Ireland-based provider of online data backup and hosting services for businesses. j2 Global is online at www.j2global.com and www.j2.com .
“In less than a year, we have built a solid presence in the online backup space through three acquisitions — leading with KeepItSafe(TM) last October, Data Haven in July of this year, and now, the online back up business of C Infinity,” said Hemi Zucker, CEO of j2 Global Communications. “The Data Haven migration has already been completed, and our bullish outlook of the online backup sector, and continued growth in this space, reflects our broader vision to become a ‘one-stop-shop’ for cloud services for business, whether it be online fax, voice services, email hosting, email marketing or online backup.”
Terms of the acquisition were not disclosed and the financial impact to j2 Global is not expected to be material.
About j2 Global Communications
For more information about j2 Global, 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: Our ability to successfully integrate C Infinity’s business and customers into our business and operations and our ability to retain C Infinity’s customer base, our ability to offer additional cloud-based services for business or continue offering those we currently offer (including but not limited to online data backup services for businesses), 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, refer to the 2010 Annual Report on Form 10-K filed by j2 Global on February 28, 2011, and the other reports filed by j2 Global from time-to-time with the SEC, each of which is available at www.sec.gov . The forward-looking statements provided in this press release are based on limited information available to the Company at this time, which is subject to change. Although management’s expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.
SOURCE: j2 Global Communications, Inc.
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