j2 Global Inc.
), a leading provider of cloud-based digital faxing, voice
messaging systems and digital media, announced that it has
acquired two Australian Internet fax business service
The buyouts include Sydney-based OzeFax and Brisbane-based
Faxmate. However, the financial terms of the deals have not been
disclosed. Last week, the company acquired City Numbers, a
U.K.-based global phone number provider.
j2 Global delivers integrated communications services through
its unique digital faxing and voice messaging systems. Several
enterprises are now increasingly utilizing digital faxing
services to reduce costs while improving security. This helps j2
Global's corporate fax system to flourish during the economic
Digital facsimile system is widely used by financial services,
insurance, and real estate companies worldwide. Large enterprises
are now focused on reducing hardware footprints and operating
At present, j2 Global commands approximately 30% of the
world's cloud-based digital faxing system. We believe that
exploration of new opportunities to improve its digital facsimile
and voice services, through new acquisitions, will further act as
tailwinds for j2 Global.
Segment wise, j2 Global continues to enhance its most powerful
eFax brand with creative content and designs. The digital media
segment, which was formed after the acquisition of Ziff Davis in
Nov 2013, controls a series of leading websites, particularly in
the technology sector.
These include PCMag.com, ComputerShopper, ExtremeTech,
Toolbox.com and Geek.com. j2 global estimated that the
acquisition of Ziff Davis will contribute around $60 million in
Other Stocks to Consider
j2 Global currently carries a Zacks Rank #3 (Hold). Other
better-ranked stocks in the Internet/Application software
Constant Contact Inc.
TeleCommunication Systems Inc.
). All three stocks currently have a Zacks Rank #2 (Buy).
CONSTANT CONTAC (CTCT): Free Stock Analysis
E2OPEN INC (EOPN): Free Stock Analysis Report
J2 GLOBAL INC (JCOM): Free Stock Analysis
TELECOMMUN SYS (TSYS): Free Stock Analysis
To read this article on Zacks.com click here.