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November 28, 2012 08:14 pm GMT
A big day for online geneaology sites: MyHeritage, an Israel-based site that lets people research and share their family histories, has raised $25 million in new funding, and it has bought out one of its longest-standing rivals, Geni.com -- the company that originally begat Yammer, which now owned by Microsoft. The purchase is not an acqui-hire but a data-cquisition: it gives MyHeritage "billions more global records and connecting millions more of our users," the company says.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cAjCXDRMB2Y/
All In The Family: MyHeritage Buys Former Yammer Stablemate Geni.com In An 8-Figure Deal, Raises $25M
A big day for online geneaology sites: MyHeritage, an Israel-based site that lets people research and share their family histories, has raised $25 million in new funding, and it has bought out one of its longest-standing rivals, Geni.com -- the company that originally begat Yammer, which now owned by Microsoft. The purchase is not an acqui-hire but a data-cquisition: it gives MyHeritage "billions more global records and connecting millions more of our users," the company says.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cAjCXDRMB2Y/
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