To achieve complementary ancestry 100 million dollar acquisition archives

The United States Genealogy Network is the world's largest genealogy site and the largest family history online community, but also the largest family data collectors and collation, was founded in 1983, has a large number of family tree database storage, providing the most affinity and the most secure family network contact platform. Through this database, people can find their ancestors and distant relatives, and even found a relationship with a celebrity. Let everyone search his home page for his family origins, and encourage them to form relatives, share new things, and find interesting relations. According to the six-degree space theory, there are no more than 6 people between two strangers.

But recently, according to foreign media reports, the American genealogy website Ancestry yesterday announced that it will spend about 100 million dollars to acquire rival archives website. The two companies said they would merge their dominant resources and key staff to achieve a true complement of two companies, but their sites would still be run separately, and the acquisition could bring a win for two companies.

The Archives website provides about 2 billion family tree files, including from birth records to obituaries. It has 380,000 paid customers. And the Ancestry website has 1.8 million customers, is the world's largest network genealogy archives, has 9 billion family tree files.

Tim Sullivan, President and CEO of Ancestry, said in a statement that the archives Web site made it easier to organize the genealogy archives and to make it affordable for most people. "The Archives website has created a fast-growing business that we consider to be a useful addition to the ancestry Web services." "Sullivan said.

The two companies ' markets are "just complementary," said Matthew Monaghan, co-founder and CEO of Inflection LLC, Archives's technology firm, "We are delighted to see that The deal extends the family tree service to a wider consumer group. ”

Ancestry said it would continue to run the archives website independently and retain its brand. However, its key staff, including product and engineering executives, are expected to join the ancestry company's team.

After the deal was announced yesterday, Ancestry's shares rose 4.4%, about 1.04 U.S. dollars, up to $24.44 trillion, and its share price rose by more than $2.80 in the intraday trading.

The company's first-quarter profit was $13.5 million, compared with a 9 million-dollar profit over the same period last year, with revenue rising 19% per cent in the first quarter to $108.5 million trillion, with a profit of 91 million dollars in the same period last year.