Ancestry.com to Acquire Archives.com
Posted by Diane
Subscription genealogy site Ancestry.com just announced it has entered into an agreement to acquire competitor Archives.com for approximately $100 million in cash and assumed liabilities.
Archives.com is owned and operated by Inflection LLC, a Silicon Valley-based technology company.
Since Archives.com’s launch in January 2010 (before that, the site was called Genealogy Archives), the site has grown to more than 380,000 paying subscribers who pay approximately $39.95 a year. Archives.com offers access to more than 2.1 billion historical records, including birth records, obituaries, immigration and passenger lists, historical newspapers, and US and UK censuses.
Inflection secured the contract with the National Archives to design and host the archives' website for the 1940 census records, released April 2. Archives.com also is a partner in the 1940 Census Community project, which has FamilySearch volunteers indexing the 1940 census. Ancestry.com is using a paid contractor to create its own 1940 census index. I'm curious to see what happens with this.
From Ancestry.com's press release: "This transaction will enable Ancestry.com to add a differentiated service targeted to a complementary segment of the growing family history category. In addition, Ancestry.com will welcome a team of talented engineers, digital marketers, and family history innovators into the Ancestry.com fold and also gain access to a proprietary technology platform that has supported Archives.com’s rapid growth."
Upon completion of the transaction, which is subject to customary closing conditions, including expiration of the HSR waiting period, Ancestry.com will continue to operate Archives.com separately retaining its brand and website. Many Inflection employees are expected to join the Ancestry.com team.
We'll bring you more on this story as it develops.
Ancestry.com | Archives.com | Genealogy Industry
Wednesday, April 25, 2012 4:40:07 PM (Eastern Daylight Time, UTC-04:00)