Ancestry.com Acquires Archives.com For $100 Million
Ancestry.com has established itself as the front runner among genealogy websites and over the years has done everything from telling you about your great granddad to predicting the growth of users on Google+.
Now we can add $100 million acquisition to the list of achievements; that is what Ancestry.com has splashed out to acquire Archives.com. The deal comes fresh on the heels of Archives.com landing a major partnership with the US government. This partnership led to the publishing of the 1940 US Census on Archive.com the other day and many see this as one of the key reasons the swoop was made by Ancestry.com.
According to reports the deal will see a complete move of all personnel that works at Archives.com, however, the company that gave birth to Archive.com (Inflection) will remain independent.
The sentiments around the deal were expressed by Inflection CEO Matthew Monahan: “The sale is an exciting moment for Inflection and the broader family history community. Thanks to Archives.com General Manager Joe Godfrey’s inspired leadership and our extraordinary team, Archives.com has quickly become one of family history’s most dynamic web properties. Our plan for a simple and affordable family history experience will be accelerated thanks to Ancestry’s deep expertise and resources.”
Clearly Ancestry.com is doing well and a $100 million acquisition is proof. Archive.com will only add to the cash reserves that Paul Allen and co are sitting on.