Clearwater International has advised Frontsafe A/S (Frontsafe) on its sale to global provider of internet services, NASDAQ-listed j2 Global, Inc. (j2 Global).
Frontsafe, founded in 2006, holds a strong position within cloud and hybrid backup services in Denmark. The company specialises in delivering backup-as-a-service, based on an IBM Spectrum Protect platform (formerly Tivoli Storage Manager).
The purchaser, j2 Global, established in 1995 with headquarter in California, US, has a €37.5 bn plus turnover, combining a revolutionary patented suite of services with a financially strong organisation. j2 Global provides internet services through two segments: business cloud services and digital media.
The business cloud services division includes j2 Cloud Connect, which offers internet fax, virtual phone and unified communications solutions, and j2 Cloud Services™, which offers hosted email, spam and virus blocking, email marketing, CRM solutions, online backup, and web hosting. j2 Cloud Connect markets its services principally under the brand names eFax®, eVoice® and Onebox®, and operates a messaging network spanning over 50 countries on six continents. j2 Cloud Services markets its services principally under the brand names FuseMail®, Campaigner®, KeepItSafe®, and Web24©.
The digital media division offers technology, gaming and lifestyle content through its digital properties, which include IGN, PCMag, AskMen, Speedtest, ExtremeTech, Geek, Toolbox, TechBargains, Ziff Davis B2B and emedia.
Clearwater International advised the shareholders of Frontsafe on the sale, led by Partner and head of technology Denmark, Per Surland with support from Associate, Casper Norre Christensen.