Monday, December 6, 2010

j2 Global Buys Canadian Firm

Los Angeles-based j2 Global Communications, which operates electronic messaging and FAX services, said today that it has acquired Protus IP Solutions, a Canadian provider of software-as-a-service communications services. j2 said it paid $213M for Protus, which had approximately $72M in revenues over the 12 month period ended October 31, 2010. Protus IP operates an Internet fax service called MyFax, which j2 said was 81 percent of its revenues. j2 said the buy adds approximately 1.9 million paid DIDs.