Monday, July 11, 2016
j2 Global Buys Six Companies In Q2
Los Angeles-based j2 Global said this morning that it has acquired six companies, all during Q2. j2 Global said it has acquired SMTP, a provider of email marketing services; GameTrailers, a digital media publisher; Publicaster, an email marketing company; Electronic Vaulting Services, a backup services provider; Safebackup, another backup provider, and Ireland-based 24sevenbackup, also in the backup area. Financial terms of the acquisition were not announced, and j2 Global said the financial impact of the deals is "not expected to be material" to the company. j2 Global is a ravenous acquisition machine, and has been acquiring six to nine companies every quarter to consolidate into its existing businesses. The company is even in the process of attempting to acquire bankrupt publisher Gawker, via another of its businesses, Ziff Davis.