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©.
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.