25 Apr '12, 11pm

Launched in 2009 Was Just Bought By For $100 Million Cash

According to a Press release just issued, Archives.com was just bought by Ancestry.com Inc. (Nasdaq: ACOM ) for $100 million in cash. “Inflection launched Archives.com, then dubbed GenealogyArchives.com, in July 2009 to satisfy a growing demand for comprehensive online access to historical records. ” “From humble beginnings, Archives.com rapidly grew to encompass over 2 billion records and generate over 5 million monthly visits.” “Key partnerships, like those with FamilySearch International and NewspaperARCHIVE, have supported Archives.com’s massive content acquisition effort. Of special note is Archives.com’s partnership with the National Archives and Records Administration to provide free digital access to the 1940 U.S. Census, culminating in the April 2nd debut of 1940census.archives.gov , the most hotly anticipated genealogical record release of the decade.” “The 1940 ...

Full article: http://www.thedomains.com/2012/04/25/archives-com-launche...

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