J2 Global Makes Australian AcquisitionThursday, March 1, 2012
J2 Global Inc. said it has acquired the Australian business of Zintel Communications, a provider of cloud voice services.
The Hollywood provider of e-mail, messaging and online data backup services said the deal with the Auckland, New Zealand company enables it to more easily enter the Australian-New Zealand market with an established operation and skilled employees. Financial terms of the deal were not disclosed
“We are committed to enhancing the experience of our new Australian customers by offering them industry-leading service levels and expanded service features, as well as access to our global network reach and wide array of additional cloud services,” said Chief Executive Hemi Zucker in a statement.
J2 Global has acquired four overseas cloud service companies over the past year. Last week it bought Zimo Communications Ltd. in the United Kingdom.
Shares were up 49 cents, or 1.7 percent, to $30.10 in midday trading on the Nasdaq.