Transaction marks an important step in the ongoing evolution of the online sync and storage sector
SAN FRANCISCO – March 24 2015 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to SugarSync, Inc. on its sale to j2 Global, Inc. (NasdaqGS: JCOM). The acquisition of SugarSync’s core operating business, which offers cloud file sharing, file sync and online backup services, further solidifies Mooreland’s position among the most active advisors to the enterprise software sector.
Launched in 2008 and based in San Mateo, California, SugarSync is used worldwide in over 120 countries by individuals and small businesses alike. Large enterprises such as Staples, France Telecom-Orange, and SoftBank have selected SugarSync to provide cloud storage and file sharing services to its customers. For more information, please visit www.sugarsync.com.
Headquartered in Los Angeles, California, j2 Global and its affiliates provide Internet services through its two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions. The company markets its services principally under the brand names eFax®, eVoice®, FuseMail®, Campaigner®, KeepItSafe® and Onebox® and operates a messaging network spanning 50 countries on six continents. The Digital Media Division consists of Ziff Davis, LLC, which offers technology, gaming and lifestyle content through its digital properties, which include PCMag.com, IGN.com, AskMen.com, Toolbox.com and others. For more information, please visit www.j2global.com.