J2 Global Buys Two More CompaniesThursday, February 19, 2015
Internet services provider J2 Global continued its buying spree, acquiring two more companies this week to bring its February haul to three companies.
The latest to join J2’s portfolio are Rancho Cordova’s EmailDirect.com, which offers email marketing services, and Irvine data security firm Novotera. Terms of the deals were undisclosed, but the company does not expect either one to have a financial impact on the company.
J2’s cloud services division provides the Hollywood company’s primary revenue stream. The segment includes online faxing, data backup, email marketing and other business communications systems.
J2 Chief Executive Hemi Zucker said in a January interview with the Business Journal that one reason the company is gobbling up smaller companies is to establish outposts in countries where businesses want to keep their data in servers within their borders – and their legal jurisdictions.
The firm acquired Firstway Digital Ltd., a Dublin distributor of digital fax services, on Feb. 11. It made eight separate purchases in December and made a late January offer of $415 million to acquire backup storage firm Carbonite. It is unclear if that offer is still on the table.
J2 did not respond to a request for comment. The company’s share price remained flat Thursday, closing at $66.94 on the Nasdaq stock market.