Ancestry.com to acquire Archives.com

Ancestry.com is to acquire Archives.com for approximately $100 million in cash and assumed liabilities.

This transaction will enable Ancestry.com to add a differentiated service targeted to a complementary customer base. In addition, Ancestry.com will welcome a team of talented engineers, digital marketers, and family history innovators into the Ancestry.com fold.

Archives.com is owned and operated by Inflection LLC. Since Archives.com's launch in January 2010, the site has rapidly grown to more than 380,000 paying subscribers. Archives.com offers access to over 2.1 billion historical records, including birth records, obituaries, immigration and passenger lists, historical newspapers, and US and UK censuses.

'Archives.com has built a fantastic and fast-growing business that we think is highly complementary to Ancestry.com's online family history offering,' said Tim Sullivan, president and chief executive officer of Ancestry.com. 'We love their focus on making family history simple and affordable, and we are excited to help the talented Archives.com team continue to grow alongside Ancestry.com, Fold3.com, and Family Tree Maker.'

Upon completion of the transaction Ancestry.com will continue to operate Archives.com separately retaining its brand and website.