Mooreland Advises SugarSync on its Sale to j2 Global
Transaction marks an important step in the ongoing evolution of the online sync and storage sector
SAN FRANCISCO, March 24, 2015 /PRNewswire/ -- 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.
"This transaction serves as a critical milestone for SugarSync, which helped to pioneer the online sync and storage industry. We are pleased to have played a role in orchestrating such an important and strategic combination, which joins SugarSync's highly-regarded technology and track record of innovation with an industry leader in j2," said Doug Gonsalves, Managing Director, Mooreland Partners.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.
For more information on this transaction, please contact:
Doug Gonsalves, Managing Director
[email protected]
Tel: +1 650 330 3789
ABOUT MOORELAND PARTNERS
Founded in 2002, Mooreland Partners is a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, serving clients from its offices in Silicon Valley, Greenwich (CT), and London. Mooreland's team of almost 50 banking professionals delivers industry domain and transaction expertise across all major technology sectors including communications technology, mobile and digital media, enterprise software and services, as well as industrial technology and electronics. Follow @MoorelandGlobal on Twitter or learn more at www.moorelandpartners.com.
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