LOS ANGELES--(BUSINESS WIRE)--j2 Global, Inc. (NASDAQGS:JCOM), the global provider of Internet services, today announced the acquisition of the online file backup, synchronization, and sharing assets of SugarSync, Inc., of San Mateo, California.
"This acquisition reflects our ongoing efforts to expand and grow our cloud backup business on a global basis, both organically and through acquisitions," said j2's CEO, Hemi Zucker. "We’ve added a world-class technology platform and API ecosystem, an established brand, loyal customers, strong channel partners, and a talented team."
Terms of the acquisition were not disclosed and the financial impact to j2 is not expected to be material.
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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, 2014, j2 had achieved 19 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 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.