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Ancestry.com Parent Company Sold for $300 Million

by Susan Walsh

The Generations Network, has been sold to Spectrum Equity Investors for $300 Million. The sale includes Ancestry.com, the world’s most popular genealogy site with over 900,000 paying subscribers. So far it appears that the average user won’t notice much of a difference, and the new owners are promising new products and services. The Generations Network also includes RootsWeb, Genealogy.com, and other genealogy related sites.
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If you’re an Ancestry.com subscriber, sit tight. Chances are the site won’t change much at all. They’ve already introduced some new features such as Digital Scrapbooking and have promised some interesting DNA research services in the near future-in fact they are already selling kits that enable you to take a DNA sample (usually a swab of the cheek) and send it in. Users of the Generations Network’s other popular services such as RootsWeb, Genealogy.com and MyFamily.com also shouldn’t notice any changes or disruptions in service.

You can read the official press release here. The comments left at the site appear to be mixed, with some users believing the Generations Network is trying to become a monopoly, others wondering if the sale will result in a friendlier attitude toward the genealogical community, and even some wondering if the sale will do anything to help the much maligned release of Family Tree Maker 2008. (Review coming soon). Check it out for yourself and let me know what you think. Are they trying to monopolize online genealogical data? Have you had less than satisfactory experiences with the Ancestry service? Disappointed with FTM 2008? Please let me know your thoughts!

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Posted in News on October 18th, 2007

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Genealogy is becoming one of the hottest new hobbies for the young and old. If you are just starting out researching your family tree you will be interested in these articles even if you are a Professional Genealogist you can always use a refresher on some topic and you will find it here. Please join me for a new topic everyday even if you know all about the information, you never know, you just might pick-up on something new!

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