Los Angeles-based j2 Global, Inc. (NASDAQ: JCOM), a global provider of Internet services, announced the completion of 24 acquisitions in 2015, including the following 4 during the last quarter: digital media company Offers.com and email services firm MX Toolbox, based in Austin, Texas; UK-based cloud-backup service On Demand Recovery; and Australia’s web hosting company Ausweb.
“j2’s M&A program ended 2015 on a very high note,” said j2’s CEO, Hemi Zucker. “We are committed to drive growth globally, in part through acquisition, and completed twenty-four acquisitions in 2015 with that objective in mind. We are pleased to welcome our new business colleagues and customers around the world.”
“M&A is clearly in the DNA of J2,” Scott Turicchi, the company’s president and chief financial officer, told Investors Business Daily. Acquired companies help J2 establish strong market share in new niches faster than it could organically, Turicchi said, allowing it to steadily build scale and boost free cash flow. It then leverages that cash flow to further drive a merger cycle.
Dating to its first deal in 2000 — not long after it went public in 1999 –J2 Global has clinched more than 120 mergers and acquisitions, helping it grow from well under $100 million in annual revenue at the start of the century to nearly $700 million in 2015, added IBD.
j2 Global provides Internet services through two segments: Business Cloud Services and Digital Media.
The Business Cloud Services Division offers Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions. It markets its services principally under the brand names eFax, eVoice, FuseMail, Campaigner, KeepItSafe, Livedrive and Onebox, and operates a messaging network spanning 50 countries on six continents.
The Digital Media Division offers technology, gaming and lifestyle content through its digital properties, which include IGN, PCMag, AskMen, Speedtest, ExtremeTech, Geek, Toolbox, TechBargains, Ziff Davis B2B and emedia. As of December 31, 2014, j2 had achieved 19 consecutive fiscal years of revenue growth.
The company was formerly known as j2 Global Communications, Inc. and changed its name to j2 Global, Inc. in December 2011. j2 Global was founded in 1995 and is headquartered in Los Angeles, California. The company has a market capitalization of $3.59 billion.