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Posts Tagged ‘the generations network’

The Generations Network published a press release today regarding Spectrum Equity’s buyout. TGN CEO Tim Sullivan is quoted:

“Spectrum Equity has been an incredibly supportive and strategic-minded investor in our company for several years, so I am thrilled to have them acquire this majority interest in The Generations Network,” said Tim Sullivan, company President and CEO. “2007 has been the company’s most successful and profitable year to date, and 2008 looks even more promising as we grow our core businesses further, expand our global presence, and innovate with new products and services that help us realize our mission to connect families across distance and time. I appreciate Spectrum’s vote of confidence in our direction and vision, and I am excited to work even more closely with Vic Parker and Ben Spero to continue to transform this amazing and unique business into a truly great company.”

Buzz to follow soon I imagine.

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According to a post today on TechCrunch, Spectrum Equity Investors is acquiring a majority interest in The Generations Network. TGN is the parent company of, among others, Ancestry.com and the folks who gave us Family Tree Maker 2008. (I wonder if this means they will be changing their version numbering system again.) There is talk of an IPO so if you are interested in some stock, better get out your wallet.

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