Ancestry.Com Pays Archives.Com $100 MillionBy: Shawn Hess - April 26, 2012
Ancestry.com has announced they plan to acquire Archives.com, and the desalt is going to cost them $100 million. Archives is owned by public record aggregator and data mining firm, Inflection. Since their launch in 2010, Archives has amassed over 375,000 subscribers, who pay the site about $40 a month for a membership.
Once the accusation is over, not much will change. Ancestry will continue to run Archives.com in much the same way it has been operating. In fact, most of the Archives staff will remain and transition into the Ancestry staff.
Inflection CEO Matthew Monahan comments on the acquisition:
“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.”
Archives.com General Manager Joe Godfrey comments on the sale of Archives.com:
“The past three years have been marked by tremendous growth for Archives.com, as we’ve focused intently on making family history simple and affordable for millions of budding family historians,”
“The acquisition by Ancestry.com will further fuel this momentum, and the team and I are thrilled.”
Inflection Executive VP of Business and Corporate Development John Spottiswood adds to the sentiments:
“The 1940 census release was an extraordinary event for both Archives.com and family history in general,”
“It spawned a new level of mainstream awareness about family history, and we’re excited that this momentum will only grow as Archives.com joins the Ancestry family.”
Brian Monahan, Inflections Co-Founder and Chief Idea Guy also comments:
“While Inflection was already superbly poised going forward, the sale of Archives.com significantly improves our ability to develop an array of incredible new products for consumers, professionals, and small businesses,”
“The Inflection team will continue to be a top destination for technology talent and an industry-leader in data services.”
Ancestry,com is currently the world’s largest online family history resource. They have added over 9 billion records to the site in the last decade and a half and created over 30 million family trees. They have over 1.8 million paying subscribers