Jungle Disk Acquires KeepItSafe, LiveVault and OffsiteDataSync

Dry Line Partners LLC and Porthcawl Holdings LLC supported Jungle Disk, LLC, in cybersecurity suite for main street, in its acquisition of the KeepItSafe Data Solutions, Ltd., LiveVault and OffsiteDataSync assets from J2 Global, Inc.

The 3 companies, which comprised J2’s B2B cloud backup businesses, serve thousands of enterprise and SMB clients across 4 continents. With this announcement, Jungle Disk adds these 3 scaled offerings to its portfolio of cybersecurity software solutions.

“The addition of KeepItSafe, LiveVault and OffsiteDataSync to our suite of offerings enables Jungle Disk to better serve our existing customers, expands our geographic and product footprints and drastically enhances our scale,” said Bret Piatt, CEO of Jungle Disk and partner at Dry Line. “We are thrilled to welcome the customers, employees and partners of these excellent businesses to the Jungle Disk family, and we firmly believe that adding these businesses to Jungle Disk will greatly enhance the customer experience and provide employees and investors with critical mass and greater resources for future growth.“

These 3 acquisitions boost and complement Jungle Disk’s software suite by providing a broader offering of trusted backup and DR offerings for mid-market and enterprise customers. Customers from heavily regulated industries like healthcare, information technology and financial services have trusted these 3 firms as a key data protection provider for many years.

In addition, the acquisition provides Jungle Disk with additional proprietary software, while also expanding third party software offerings for customers with diverse needs.

“This is a quintessential Dry Line investment, and we are looking forward to welcoming these businesses to San Antonio.”

Dry Line, a private equity firm based in San Antonio, TX, and Austin, TC, plans to acquire additional recurring revenue technology businesses in the future.

“Under Porthcawl ownership Jungle Disk has laid a foundation that has created value for its customers, employees and investors. We are thrilled to take Jungle Disk to the next level with the addition of these three complementary businesses,” said Huw Edwards, partner and co-founder of Porthcawl.

Porthcawl acquired Jungle Disk from Rackspace in 2016 and moved it to the emerging tech district in downtown San Antonio. The combined business will be headquartered in San Antonio.

DH Capital, LLC served as exclusive financial advisor to J2 on the transaction and K&L Gates LLP served as primary legal counsel. Queen Saenz + Schutz PLLC served as legal counsel to Porthcawl Holdings and Jungle Disk on the reorganization and debt financing for the transaction.