eFax Trying to Acquire Carbonite?

November 12, 2012 at 9:15 pm Leave a comment

Late last week it became clear via SEC filing that J2 Global (best known as the makers of eFax and similar online communications solution) made an offer to acquire online backup provider Carbonite for $270M.  The price was a 37% premium to the publicly traded stock (NASDAQ: CARB) at the time of the offer (about a 30% premium as of today).

J2 is known for growing by acquisition, but typically buys “business” (i.e. buy subscribers) or “technology”.  Unclear if it is looking for both here, as they have previously acquired several smaller online backup businesses (it bought European-based KeepItSafe in October of 2011 and Phoenix headquartered Offsite Backup Solutions in January of this year).

What’s next for J2?  Well, they already own 9.9% of Carbonite.  Let’s see what happens.

Entry filed under: Uncategorized. Tags: .

Microsoft Skydrive slams browsers Competition leads to lower prices in cloud storage (cloud wars as Star Wars)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Recent Posts

RSS News about cloud-based backup

  • Happy safe holiday Internet shopping December 4, 2016

%d bloggers like this: