J2 Global Communications Dominates

Hollywood, California based J2 Global Communications, Inc. (Nasdaq: JCOM) continues to expand its reach.  The company acquired MyFax.com when they purchased Ontario based Protus IP Solutions in December of 2010.  This brings to eight the number of online fax services owned and operated by J2.

J2 is truly a global business, operating out of 49 countries on 6 continents, offering online fax services, virtual phone, hosted email, email marketing and online backup services.

J2 has an impressive track record of growth.  With a reported gross profit of 211.31M and continuing increases in total assets and stockholder equity, J2 shows no signs of slowing down. Zacks Investment Research recently upgraded their recommendation for J2:

We upgrade our recommendation on j2 Global Communications (Nasdaq: JCOM) to Outperform. We believe j2 Global’s strong financial position and diversified product pipeline, coupled with the future growth prospects of outsourced value-added messaging services, will drive its valuation levels higher in the near future. (ref)

When it comes to customer service, J2 Global has a checkered history. The Better Business Bureau gave them an F rating due to the company’s failure to address customer complaints. Although the number of unaddressed complaints is small when compared to the size of their customer base, the fact that there are any at all is not complimentary. (ref)

J2 Global continues to acquire smaller competing businesses and continues to strengthen its position in the Internet software and services industry. J2 now operates MyFax.com, eFax.com, RapidFax.com, Send2Fax.com, SmartFax.com, TrustFax.com, eFaxCorporate.com and Fax.com.