J2 Global Makes Acquisition

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J2 Global Communications on Thursday said it acquired Ireland’s largest provider of cloud-based online backup services.

The Los Angeles provider of Internet fax, voice and e-mail services said the addition of keepITsafe Data Solutions Ltd. will expand its cloud-based business services. Financial terms were not disclosed.

“This acquisition brings the expertise of a market leader in online backup to j2 Global,” Chief Executive Hemi Zucker said in a statement.

Shares closed up 3 cents, or less than a percent, to $25.93 on the Nasdaq.

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