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Stock Market & Financial Investment News

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February 10, 2014
08:07 EDTJCOMJ2 Global acquires LiveDrive, terms not disclosed
J2 Global 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, U.K. location. Terms of the acquisitions were not disclosed and the financial impact to j2 is not expected to be material.
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