Showing posts with label Archives.com. Show all posts
Showing posts with label Archives.com. Show all posts

25 April 2012

Ancestry.com Inc. to Acquire Archives.com

Ancestry posted the following message from Tim Sullivan, President and CEO of Ancestry.com plus the press release that follows, on Wednesday, April 25, 2012.

First a note from Tim Sullivan:

I wanted to send you a note to provide a little more information about our announcement today of an agreement to acquire Archives.com. As you know, Archives.com is a fast-growing family history site that has clearly attracted new users to family history with a product that is easy to use and one that has proven to be a great way for people to get started with family history.

Like Ancestry.com, the team at Archives.com has an extensive roadmap of product and technology innovation that we believe will make their service an even more unique and well-differentiated player in the dynamic and growing online family history category. Additionally, they’ve done a great job building strong partnerships with a number of key family history organizations, including a smart and strategic partnership with the U.S. National Archives, FamilySearch and findmypast.com to index and provide free digital access to the recently released 1940 U.S. Federal Census. These types of relationships, along with some creative content acquisition strategies, have helped build out Archives.com robust collection of family history records and expand the interest in family history.

In some ways, we view our deal with Archives.com as a coming-of-age moment for the online family history category.  The success of companies like Archives.com, and the innovation we see across our industry, in many ways validates the work we have all done over many years to build category awareness. Archives.com has found an area of excellence in the family history category and they are a welcomed addition to the Ancestry.com family.

We very much view the acquisition of Archives.com as a way for us to accelerate our strategy of serving multiple customer segments with well differentiated offerings. I want to emphasis that our plan is to keep Archives.com as a distinct brand and site, to continue to nurture its existing partnerships, and to continue to invest in new content, product and technology.
 

There have never been more products and services available to genealogists than there are today, and I’m sure you will agree with me that that is a great thing.  We are excited to help the talented Archives.com team continue to grow alongside Ancestry.com and look forward to helping them achieve their vision for a great online family history service.

Tim Sullivan


ANCESTRY.COM INC. TO ACQUIRE ARCHIVES.COM

–“Simple and Affordable” Fast-growing Start-up Adds Complementary Offering to Ancestry.com–

PROVO, Utah, April 25, 2012 Ancestry.com Inc. (Nasdaq: ACOM) announced today it has entered into a definitive agreement to acquire Archives.com, a family history website, for approximately $100 million in cash and assumed liabilities.

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.

Archives.com is owned and operated by Inflection LLC, a Silicon Valley-based technology company.  Since Archives.com’s launch in January 2010, the site has rapidly grown to more than 380,000 paying subscribers who pay approximately $39.95 a year.  Archives.com offers access to over 2.1 billion historical records, including birth records, obituaries, immigration and passenger lists, historical newspapers, and U.S. and U.K. Censuses.

Archives.com has built a fantastic and fast-growing business that we think is highly complementary to Ancestry.com’s online family history offering,” said Tim Sullivan, President and Chief Executive Officer of Ancestry.com. “We love their focus on making family history simple and affordable, and we are excited to help the talented Archives.com team continue to grow alongside Ancestry.com, Fold3.com, and Family Tree Maker.”

“Family history remains a dynamic and growing online category,” added Sullivan. “Archives.com’s focus is consistent with our mission to help everyone discover, preserve and share their family history, which will help continue our efforts in delivering amazing discoveries to an even broader audience.”

Over the past two years, Archives.com has partnered with multiple well-known family history organizations that have helped build out Archives.com robust collection of family history records. Most recently, Archives.com partnered with the U.S. National Archives to provide free digital access to the recently released 1940 U.S. Federal Census.

“We are proud of the experience we’ve built with Archives.com and believe strongly in its future potential,” said Matthew Monahan, CEO and Co-Founder of Inflection.  “Combining with Ancestry.com positions Archives.com to best capitalize on that potential, pairing complementary visions of the marketplace and the opportunity.  We’ve long admired Ancestry.com’s content and technology and the innovations that the Ancestry.com team continues to bring to market.  We’re excited to see how this transaction expands the reach of family history to an even larger audience.”

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.  Multiple Inflection employees, including key product and engineering executives are expected to join the Ancestry.com team.

About Ancestry.com
Ancestry.com Inc. (Nasdaq: ACOM) is the world's largest online family history resource, with more than 1.8 million paying subscribers. More than 9 billion records have been added to the site in the past 15 years. Ancestry users have created more than 34 million family trees containing approximately 4 billion profiles. In addition to its flagship site, Ancestry.com offers several localized Web sites designed to empower people to discover, preserve and share their family history.

About Archives.com
Archives.com is a leading family history website that makes discovering family history simple and affordable. The company has assembled more than 2.1 billion historical records all in a single location. Archives also partners with other leading family history websites to provide a comprehensive resource for researching your family history. Archives.com is free to try for seven days, allowing anyone to explore the benefits of membership without risk or obligation. For more information and to start discovering your family history, please visit http://www.archives.com/.

About Inflection
Inflection is a Big Data and e-commerce startup headquartered in the heart of Silicon Valley. Leveraging its proprietary technology platform, the company has built innovative data services like Archives.com, PeopleSmart.com, and Identity.com. Inflection was founded in 2006 and is backed by tier-one venture capitalists Matrix Partners and Sutter Hill Ventures.

Forward-looking Statements
This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from those anticipated in these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "appears," "may," "designed," "expect," "intend," "focus," "seek," "anticipate," "believe," "estimate," "predict," "potential," "should," "continue" or "work" or the negative of these terms or other comparable terminology. These statements include statements concerning among other things, the proposed transaction between Ancestry.com and Archives.com, including the consummation and anticipated timing of the transaction as well as the expected benefits of the proposed transaction, and the effects of the proposed transaction on Ancestry.com, our subscriber base or reach.  These forward-looking statements are based on information available to us as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks and uncertainties include a variety of factors, some of which are beyond our control. In particular, such risks and uncertainties include the risk that the transaction does not close when anticipated, or at all; difficulties encountered in integrating acquired businesses and retaining customers, and the additional difficulty of integration when continuing the acquired operation; the adverse impact of competitive product announcements; failure to achieve anticipated revenues and operating performance; changes in overall economic conditions; the loss of key employees; competitors’ actions; pricing and gross margin pressures; inability to control costs and expenses; and significant litigation.

Information concerning additional factors that could cause results to differ materially from those projected in the forward-looking statements is contained under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2011, and in discussions in other of our SEC filings. These forward-looking statements should not be relied upon as representing our views as of any subsequent date and we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.


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02 September 2011

Archives.com Adds the U.S. Census to its Website

(1 September 2011, Palo Alto, CA) Today Archives.com, the web's most affordable and easy-to-use subscription-based family history site, announces the addition of the U.S. Federal Census, the single most valuable collection of U.S. historical records. The U.S. Census collections were made available by FamilySearch International, the world's largest genealogy organization, as part of a joint effort to introduce more records to family historians worldwide. In conjunction with the Census effort, Archives will also embark on a joint project with FamilySearch to digitize tens-of-millions of additional historical records, the majority of which are not currently online. Archives has pledged a minimum of five million dollars to this important project which will positively impact the entire community.

Archives
CEO Matthew Monahan notes, "We're extremely excited to bring this comprehensive collection of U.S. Census records and images that have been enhanced by the FamilySearch volunteer community to Archives.com. We're dedicated to bringing users new and compelling content, and that's why we're happy to contribute at least five million dollars to similar ongoing community projects. Archives already provides members with exceptional value for an extremely low price--adding the U.S. Census and other unique collections as part of this initiative with FamilySearch will be a game changer."

Archives has integrated the full set of U.S. Federal Population Census indexes from 1790¬ to 1930 consisting of over 500 million names along with 3 million images from census years 1850, 1870, and 1900. In the near future, the full set of census images will be accessible. Leading the effort is former FamilySearch veteran Anne Roach AG®, CGSM as Director of Content Development.


Jay L. Verkler, president of FamilySearch, said, "U.S. Census records are the most searched collections for North America. We are pleased when companies like Archives.com join in the collective goal to make more historic records available online quickly and cost effectively. We look forward to working with the entire industry to facilitate these types of contributions." Verkler noted that the daunting challenge to digitize and provide access to the world's genealogical records can only be accomplished with community support and participation from dynamic companies like Archives.com.

While the addition of the entire U.S. Census and the ongoing digitization projects will bring enormous value to Archives members, the company plans to maintain its low annual fee. Already one of the highest trafficked family history websites, the company anticipates massive growth as a result of these enhancements, which clearly makes Archives.com the premier destination for low-cost subscription-based family history research. For regular updates about the census integration and digitization project, visit http://www.archives.com/census.

About FamilySearch

FamilySearch International is the largest ge
nealogy organization in the world. FamilySearch is a nonprofit, volunteer-driven organization sponsored by The Church of Jesus Christ of Latter-day Saints. Millions of people use FamilySearch records, resources, and services to learn more about their family history. To help in this great pursuit, FamilySearch has been actively gathering, preserving, and sharing genealogical records worldwide for over 100 years. Patrons may access FamilySearch services and resources free online at FamilySearch.org or through over 4,600 family history centers in 132 countries, including the main Family History Library in Salt Lake City, Utah.

About Archives

Archives.com is a leading family history website that makes discovering family history simple and affordable. The company has assembled more than 1.5 billion historical records in a single location, and makes them available at a price that's up to 80 percent less than the leading competitor. Archives also partners with other leading family history websites to provide integrated record collections, discounted memberships, official certificates and other special promotions. Archives.com is free to try for seven days, allowing anyone to explore the benefits of membership without risk or obligation. Archives.com is owned and operated by Inflection, a fast-growing data commerce company. Find more information at http://inflection.com/



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