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Ancestry.com (ACOM +0.7%), still pitching itself to P-E firms, has bought 1000memories, a...

  • Wednesday, October 3, 2012, 2:00 PM ET
    Ancestry.com (ACOM +0.7%), still pitching itself to P-E firms, has bought 1000memories, a startup that helps consumers digitize and share their old photos, for an undisclosed sum. Ancestry promises to integrate 1000memories and its Shoebox photo-scanning app with its family genealogy services. The purchase follows Ancestry's April deal to acquire Archives.com. (PR)
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    Given ACOM's ability to identify extended family connections and its DNA database, it should be considering collabotations with bio-tech firms regarding potential illness identification processes, medication targetting, and delivery. Companies such as NeoStem, Celgene, and Seattle Genetics come to mind, but the selection is extensive and should be explored.
    4 Oct 2012, 02:26 PM Reply Like
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