LiveVault (a Business of Hewlett-Packard) Has Been Divested to j2 Global

LiveVault Profile

  • LiveVault provides cloud-based backup and recovery of physical servers, virtual servers and application data with centralized administration, monitoring and management
  • The solution is delivered as a fully managed, cloud-based offering and is focused on the SMB market
  • The company was founded in 2000 and is headquartered in Southborough, MA
  • LiveVault was a business of HP, a leading global information technology company that sells hardware, software and related business services

j2 Global Profile

  • j2 is a leading provider of cloud and internet services based in Los Angeles
  • The company was founded in 1995 and it markets its services principally under the brand names eFax, eVoice, FuseMail, Campaigner, KeepItSafe, Livedrive and Onebox, and operates a messaging network spanning 49 countries on six continents
  • j2 is listed on the NASDAQ stock exchange and has two divisions: Business Cloud Services and Digital Media
  • The Business Cloud Services Division offers internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions; the Digital Media Division offers technology, gaming and lifestyle content through its digital properties

Transaction Notes

  • The divestiture of LiveVault to j2 was announced on October 5, 2015
  • “HP will continue to partner with LiveVault and will remain a significant customer, but as our focus has shifted to adaptive and intelligent backup that leverages our capabilities across our big data portfolio, LiveVault is no longer a strategic fit. In our view, this is an opportunity for LiveVault to grow its business and for HP to refine its Software portfolio to better align with our strategic priorities.” – David Jones (Senior Vice President and General Manager, Big Data Solutions, HP Software)
  • Shea & Company served as the exclusive financial advisor to HP
has been acquired by
Shea & Company served as the exclusive financial advisor to HP