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Editors Note: According to our count, j2 Global has acquired about 40 cloud backup companies in the past five years. It looks that j2 Global is determined to grow their cloud services division inorganically by acquiring companies. We believe there will be many more M&A activities in the cloud backup industry this year, and most could well be acquisitions by j2 Global.
Transactions span company’s Cloud Backup, Marketing, Security, and Fax businesses
LOS ANGELES, CA – April 06, 2015 — /BackupReview.info/ — j2 Global, Inc. (NASDAQGS: JCOM), the global provider of Internet services, today announced that its Cloud Services division closed nine acquisitions in the first quarter of 2015, spanning four business units and five countries.
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 offices in Paris, France, and San Mateo, California. The company’s footprint now includes 14 offices worldwide.
“The first quarter was very productive for our global M&A program,” said j2′s CEO, Hemi Zucker. “j2′s acquisition team continues to drive growth with deals in our backup, email security, marketing, and Cloud Connect businesses across North America and Europe. We welcome our new customers and new staff members around the world.”
“Our pipeline remains full as we execute against our 2015 acquisition roadmap,” said Scott Turicchi, j2′s President and CFO. “We have strong momentum and 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 www.j2global.com
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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 Firstway Digital Limited’s services into those of j2 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 in particular, refer to j2′s 2014 Annual Report on Form 10-K filed on March 2, 2015, 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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