TechTaffy

tech:

taffy

Ancestry.com Makes $100M Acquisition

By TechTaffy Desk

[Techtaffy Newsdesk]

Inflection, a Silicon Valley Big Data startup, has sold its family history website Archives.com to Ancestry.com for $100 million in cash. Archives.com will continue under Inflection leadership until the completion of customary closing conditions.

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.

Inflection launched Archives.com, then dubbed GenealogyArchives.com, in July 2009.  The company has assembled more than 2.1 billion historical records all in a single location.

Ancestry.com is an online family history resource, with more than 1.8 million paying subscribers, according to the company. Ancestry users have created more than 34 million family trees containing approximately 4 billion profiles.

Inflection is a big data and e-commerce startup headquartered in Silicon Valley.  Inflection was founded in 2006 and is backed by venture capitalists Josh Hannah of Matrix Partners and Greg Sands of Sutter Hill Ventures.

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.