PROVO, Utah, Aug. 17, 2012 (GLOBE NEWSWIRE) -- Ancestry.com Inc. (ACOM) today announced the completion of its acquisition of Archives.com, a leading family history website, for approximately $100 million in cash and assumed liabilities.
Archives.com was 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 440,000 paying subscribers who pay approximately $39.95 a year. Archives.com offers access to over 2.2 billion historical records, including birth records, obituaries, immigration and passenger lists, historical newspapers, as well as U.S. and U.K. Censuses.
Ancestry.com plans to operate Archives.com separately, retaining its brand and website. Many Inflection employees, including key marketing, product and engineering executives, will join the Ancestry.com team.