Application Software M&A » By The Online Investor Staff, updated Thu., May. 26, 1:39 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #74. j2 Global — LiveDrive
Acquirer:
j2 Global (JCOM)
Acquiree:
LiveDrive
Details:
j2 Global, Inc. (NasdaqGS:JCOM), a global provider of Internet services, today announced that it has acquired LiveDrive, a UK-based provider of online backup with added file sync features for professionals and individuals. The acquisition moves j2's cloud backup annualized monthly revenue run rate to over $40M, expands its global online backup business and customer base, and establishes a j2 Global UK office in LiveDrive's Paddington, UK location.
j2 Global is holding company. Through its subsidiaries, Co. is a provider of internet services. Through its Cloud Services business, Co. provides cloud-based subscription services to consumers and businesses and license its intellectual property to third parties. In addition, the Cloud Services business includes fax, security, privacy, data backup, email marketing and voice products. Co.'s Digital Media business engages in the technology, gaming, broadband, business to business, healthcare, and international markets offering content, tools and services to consumers and businesses.
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Avg. Broker Rec.
 
|
Buy (3.37 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: JCOM Stock Forecast Based on Zacks ABR data; powered by Xignite |
