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Fourth quarter ends with strategic acquisitions in four business units and five countries
Pipeline remains strong for 2015
LOS ANGELES, CA – January 05, 2015 — /BackupReview.info/ — 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:
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.
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About j2 Global
“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.
Source: j2 Global, Inc.
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