"I couldn't imagine a better leader for j2 going forward than Vivek Shah. He joined us as the head of our digital media business when we purchased Ziff Davis almost five years ago with a clear vision of bringing operational excellence and a focus on profitable growth. The board believed that there were significant opportunities in the media space to replicate what j2 was already accomplishing in communications and business services. The realization of that early thesis is now on display at our media group. We expect that Vivek's dynamic and proven leadership in this rapidly changing industry will be an exciting boost to all of j2 and its stakeholders," added Mr. Ressler."j2 has an incredible collection of Internet information and services brands, an impeccable track record of profitable growth and talented employees all over the world. The opportunity for the company is immense and I am honored and grateful to be leading it during its next chapter. I want to thank Hemi for his tremendous service and leadership, and look forward to a smooth transition," said Mr. Shah. "For several years, j2 has looked for ways to invest in promising businesses and technologies that were not a fit with j2's public company environment. With Hemi becoming a co-managing principal of OCV, all of the pieces are now in place to finalize that initiative. Hemi's knowledge, experience and managerial expertise in the technology space joining with the great team at OCV gives j2 confidence that our $200 million commitment to OCV will generate excellent returns while allowing j2 a window into early stage investment opportunities that we were not previously pursuing," said Robert Cresci, Lead Independent Director. "I am honored and privileged to have served as CEO of this great company. I would like to thank my friends and colleagues at j2, who were indispensable to our success to date," said Hemi Zucker. "I look forward to working with Vivek on his succession and ensuring a smooth transition plan," he added. "A special thanks to our Board of Directors, and especially Richard, for supporting me throughout my career at j2. The opportunity to build great companies does not come to everyone, and I am grateful. Moreover, as a partner at OCV, I look forward to remaining an advisor and a part of the j2 family. I am excited by the new opportunity at OCV to build another great venture that I believe will also greatly benefit j2," he added.
About j2 Globalj2 Global, Inc. (NASDAQ: JCOM) provides Internet services through two segments: Business Cloud Services and Digital Media. The Business Cloud Services segment offers Internet fax, virtual phone, unified communications, hosted email, email marketing, online backup and CRM solutions. It markets its services principally under the brand names eFax ®, eVoice ®, Onebox ®, FuseMail ®, Campaigner ®, KeepItSafe ®, Livedrive® and LiveVault®, and operates a messaging network spanning 50 countries on six continents. The Digital Media segment offers technology, gaming, lifestyle and healthcare content through its digital properties, which include PCMag, IGN, AskMen, Speedtest, Offers, ExtremeTech, Geek, Toolbox, Techbargains, emedia, Salesify, Everyday Health and others. As of December 31, 2016, j2 had achieved 21 consecutive fiscal years of revenue growth. For more information about j2, please visit www.j2global.com. About OCV Management LLC OCV Management LLC is a Los Angeles based investment adviser co-founded by Richard Ressler and Mark Yung in 2016. The firm leverages an investment strategy deployed successfully since 1993 and a team of seasoned professionals who have worked together for an average of 19 years. OCV invests in companies with differentiated technologies and compelling target markets, with the overriding objective of creating sustainable long-term value. As partners, OCV provides operational and financial expertise through its experienced principals, who have proven success as entrepreneurs, business leaders and investors across a variety of sectors including technology, healthcare, industrials, real estate and finance. OCV invests across all stages of a company's growth cycle, and finds creative investment solutions to fit a company's needs. For more information, visit http://www.ocvpartners.com.