LOS ANGELES, Oct. 21, 2010 (GLOBE NEWSWIRE) -- j2 Global Communications, Inc. (Nasdaq:JCOM), the provider of outsourced, value-added messaging and communications services, today announced that it has acquired keepITsafe Data Solutions Ltd., Ireland's largest provider of cloud-based, online backup services. The acquisition expands j2 Global's cloud-based business services portfolio to now include online data backup in addition to its core Internet fax, voice and email services. j2 Global brands include eFax®, eVoice®, Onebox®, and Electric Mail®, among others. The company is online at www.j2global.com.
"The acquisition of keepITsafe further expands our services offering and the international scope of our business and gives us an opportunity to reach new markets and customers," said Hemi Zucker, CEO of j2 Global Communications, Inc. "As companies increasingly rely on electronic data for business critical operations, secure and reliable backup, plus timely recovery, of digital assets is essential. This acquisition brings the expertise of a market leader in online backup to j2 Global, and is a win for both companies."
Terms of the acquisition were not disclosed and the financial impact to j2 Global is not expected to be material.
About j2 Global Communications
Founded in 1995, j2 Global Communications, Inc. provides outsourced, value-added messaging and communications services to individuals and businesses around the world. With offices in eight cities worldwide, j2 Global's network spans more than 4,100 cities in 49 countries on six continents. The Company's websites appear in numerous languages, including Dutch, French, German, Spanish, English and more. Payments are accepted in currencies that include the U.S. Dollar, British Pound, Canadian Dollar, Japanese Yen, Euro, Hong Kong Dollar and more. j2 Global provides live sales and customer service support in multiple languages, including English, Spanish, Dutch, German, French, Cantonese and more. j2 Global markets its services principally under the brands eFax®, eFax Corporate®, Onebox®, eVoice® and Electric Mail®. As of December 31, 2009, j2 Global had achieved 14 consecutive fiscal years of revenue growth and eight consecutive fiscal years of positive and growing operating earnings. For more information about j2 Global, please visit www.j2global.com.
The j2 Global Communications, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3907
"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 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: our ability to successfully integrate acquired businesses and customers into our business and operations, our ability to launch additional marketing programs and the success of those programs, our ability to release new products and the success of those products, our ability to expand our network and services into new geographic regions, 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, refer to the 2009 Annual Report on Form 10-K filed by j2 Global on February 23, 2010, and the other reports filed by j2 Global from time-to-time with the SEC, each of which is available at www.sec.gov. Although management's expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these expectations.