Strategic Sale of Venali, Inc., Inc. to j2 Global Communications (NASDAQ:JCOM)
Pharus Advisors served as the financial advisor to Venali, Inc. on its successful sale to j2 Global Communications. The transaction mandate for Pharus involved identifying and conducting a sale process among a narrow set of strategic buyers, emphasizing Venali’s value proposition in the marketplace. The transaction allows J2 to continue its expansion plan to grow market share both domestically and internationally. Pharus began marketing Venali to J2 in March 2010 and closed the transaction in September of 2010. The acquisition of Venali by j2 Global Communications is intended to strengthen further J2’s enterprise fax offering.
Venali, Inc. is a provider of fully-hosted internet fax messaging solutions for global enterprises and allows its customers to streamline sending, receiving and managing business fax communications. Venali serves many global Fortune 1000 accounts in numerous industries including the medical, retail, financial & insurance sectors.
j2 Global Communications (JCOM) is a NASDAQ traded company and provides outsourced, value-added messaging and communications services to individuals and businesses around the world. With offices in eight cities worldwide, j2 Global's network spans more than 4,100 cities in 49 countries on six continents. j2 Global markets its fax services principally under the brands eFax® and eFax Corporate®.