j2 Global Buys Backup Connect

j2 Global (NASDAQ: JCOM  ) just keeps on growing -- by acquisition.

In its third corporate purchase in the past three months, j2 announced this morning that it has acquired Netherlands-based Backup Connect BV, a provider of online data backup services.

j2 did not disclose the terms of the purchase, saying only that "the financial impact to j2 is not expected to be material." According to j2, the deal ensures the company "has customer bases and prospects serviced by local sales, support and online backup infrastructures in the US, UK, Ireland, New Zealand and The Netherlands." The company says it's planning further acquisitions.

As the rest of the market melts down today, j2 shares are dodging the worst of the damage, down only 0.1% at $38 and change as of this writing.


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9/29/2014 3:59 PM
JCOM $49.90 Down -0.07 -0.14%
j2 Global Communic… CAPS Rating: ****

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