j2 Global Company History Timeline

(277 Jobs)
1995

Muller relocated to New York City and in December 1995 he and Rieley incorporated JFa x.com Inc.

J2 Global was founded in December 1995 as JFAX.COM by Jaye Muller and Jack Rieley.

1995: The company is incorporated as JFax.com Inc.

1996

Muller and Rieley raised the necessary $2 million from a pair of "industrialists" (according to Global Finance), and commenced operations in April 1996.

Within a matter of months JFax caught the a ttention of The New York Times, which in September 1996 publis hed a lengthy profile on the start-up.

Launching Operations in 1996

1998

Ressler raised more money for JFax in 1998, arranging with Donaldson, Lufkin & Jenrette for a private placement of stock, which accord ing to Fortune amounted to $100 million.

1999

With Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens, CIBC World Markets, a nd DLJdirect Inc. serving as underwriters, JFax sold 8.5 million shar es of common stock at $9.50 per share in July 1999.

Hamerslag was a seaso ned chief executive, the founder and head of MIT Technologies, a glob al provider of data storage management products and services, before joining SureTalk in July 1999.

In 1999 Ressler was ready to take JFax public.

2000

The company traded $12 million in common stock in January 2000 to acquire Carlsbad, California-based SureTalk.Com, Inc., another Internet-based messaging and communicati ons company.

JFax completed another acquisition in March 2000, paying $1.1 million in common stock for TimeShift, In c., a San Francisco company that brought with it web-based technology that allowed JFax subscribers to create impromptu conference calls, as point-to-point calls could be expanded on the flow.

The ori ginal deal, announced in April, called for JFax to pay $74 millio n, a far cry from the $787 million a comparable competitor, Onebo x.com, had fetched in February 2000.

Finally, in No vember 2000, JFax used another $8.2 million in stock to acquire o ne of its chief rivals, eFax, a free Internet faxing service.

For the year 2000, the company recorded sales of $13.9 million, resulting in a net loss of $22.2 million.

In 2000 JFax began to use some of its stock to fuel growth through ac quisitions.

2001

In July 2001 Hamerslag left the company, replaced as CEO by Scott M. Jarus.

Jarus took over a company that was on the verge o f a significant rebound. j2 Global posted sales of $33.2 million in 2001, an increase of almost 300 percent.

2002

When the numbers f or 2002 were tallied, revenues had increased to $48.2 million (du e in no small measure to the company's ability to convert eFax's free subscribers into paying customers) and instead of a loss j2 Global p osted net income of $14.3 million.

2002: The company turns its first profit.

2004

Sales im proved to $106.3 million in 2004 and the company continued to rea lize a healthy net profit, which totaled $31.6 million for the ye ar.

2005

In August 2005 t he company named co-presidents: Hemi Zucker, who also served as chief operating officer, and Scott Turicchi, who also held the title of ch ief financial officer.

2012

On November 12, 2012, J2 Global launched its digital media division with the acquisition of digital publisher Ziff Davis Inc. for $167 million in cash.

2013

On March 18, 2013, the company announced it had acquired MetroFax, a Bellevue, Washington provider of Internet faxing services.

On 19 November 2013, its media division Ziff Davis announced it acquired electronics aggregating website TechBargain.com.

As of December 31, 2013, J2 Global reported 18 consecutive fiscal years of revenue growth.

2014

In February 2014, J2 Global announced the acquisition of several companies: City Numbers, a UK-based worldwide provider of inbound toll-free numbers in over 80 countries; LiveDrive, a UK-based provider of online backup; and Australian companies OzeFax and Faxmate.

On 3 April 2014 J2 Global announced that it acquired Business Critical Software (also known as iCritical), a UK-based email security and management company.

As of 2014, J2 Global has a network that covers 49 countries on six continents.

2019

In July 2019, J2 Global acquired the SaferVPN brand, bringing its total number of consumer VPN services to five.

Founded
1995
Company Founded
Headquarters
Los Angeles, CA
Company Headquarter
Founders
Jack Rieley,Jaye Muller
Company Founders

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