// Svitla’s Team in performing high valuable IT products and services
As a part of successful collaboration between Inflection’s LLC and Svitla Companies, as we’ve written before, Archives.com (www.archives.com) product’s acquisition by Ancestry.com. The cost of acquisition is $100 million.
Archives.com is a leading family history website that makes discovering family history simple and affordable. Inflection, in turn, as a initial owner of Archives.com is a Big Data and e-commerce startup headquartered in the heart of Silicon Valley. Leveraging its proprietary technology platform, the company has built innovative data services like Archives.com, PeopleSmart.com, and Identity.com.
Inflection launched Archives.com, then dubbed GenealogyArchives.com, in July 2009 to satisfy a growing demand for comprehensive online access to historical records.The product Archives.com initially started with a modest collection of records and a simple prototype. Today, the site has over 2.1 billion historical records and documents, millions of users, innovative partnerships with industry leaders.
Ancestry.com Inc. (Nasdaq: ACOM) is the world’s largest online family history resource, with more than 1.8 million paying subscribers. In addition to its flagship site, Ancestry.com offers several localized Web sites designed to empower people to discover, preserve and share their family history.
Once the acquisition is completed, Ancestry.com will continue to operate and develop Archives.com using the existing Archives.com brand and website. Most of the Archives.com team, including key personnel in leadership, engineering, design, marketing, and business development, will transition to Ancestry.com.
“While Inflection was already superbly poised going forward, the sale of Archives.com significantly improves our ability to develop an array of incredible new products for consumers, professionals, and small businesses,” said Brian Monahan, the company’s Co-Founder and Chief Idea Guy. “The Inflection team will continue to be a top destination for technology talent and an industry-leader in data services.”
Regarding this fact, it is critical to mention that this great success of such a highly valued product and such a significant deal between two Companies, became also possible due to the fact of active and direct participation of Svitla’s specialists, during the process of product development and its improvement.
Way to go, Team!