Thursday, September 23, 2010

Have You Heard? Ancestry.com Inc. to Acquire iArchives/Footnote.com


If you are one of the few people in the genealogy world who have not yet heard the news (or you're a west-coaster who has to feed a kid before turning the computer on, like me), today's big news is that Ancestry.com will soon be the proud parent of Footnote.com:

Ancestry.com Inc. (Nasdaq: ACOM) announced today it has entered into a definitive agreement to acquire iArchives, Inc. and its branded Web site, Footnote.com, a leading American History Web site, for approximately $27 million in a mix of Ancestry.com stock, cash and assumption of liabilities. This acquisition will provide the company with a complementary consumer brand, expanded content offerings, and enhanced digitization and image-viewing technologies.
 I'm not going to repeat the entire press release here, since you can read it on just about any genealogy blog that you happen to land on this morning. Plus, I haven't actually received it in my inbox just yet (I always receive these things well after everyone else... must be a west coast thing). I saw it first on Geneabloggers.

As I'm still processing my first cup of coffee, I don't think the full impact has hit me yet. Those of you who have had some time to chew on this... what do you think? What will it mean for the records-digitizing industry? What will happen to our already-paid-for subscriptions? Thoughts?

Copyright © by Elizabeth O'Neal

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