[Genealib] Ancestry bought by Spectrum Equity Investors

[Chris Tinney]

Spectrum Equity Investors includes them as one
of their "Selected Investments".
  http://www.spectrumequity.com/portfolio/index.asp


  Respectfully yours, 

  Tom Tinney, Sr. 
Who's Who in America, 
Millennium Edition [54th] through 2004 
Who's Who In Genealogy and Heraldry, [both editions] 
Family Genealogy & History Internet Education Directory 
http://www.academic-genealogy.com/
  

Tom Kemp <thomas.j.kemp at gmail.com> wrote:
  TechCrunch is reporting that Spectrum Equity Investors has bought a
"majority interest" in Ancestry's parent company: The Generations
Network and is "almost certainly preparing for an IPO or other larger
liquidity event".

It reports that they paid $300 Million and that Ancestry has annual
earnings of $150 Million.

See:
http://genlibrarian.blogspot.com/2007/10/news-flash-ancestry-bought-by-spectrum.html
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