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Weekly News Digest

May 3, 2012 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

Ancestry.com Inc. to Acquire Archives.com

Ancestry.com Inc. announced that it has entered into a definitive agreement to acquire Archives.com, a family history website, for about $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 engineers, digital marketers, and family history innovators into the Ancestry.com fold and 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 about $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 U.S. and U.K. censuses.

Over the past 2 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.

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.

Source: Ancestry.com



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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