PROVO, Utah, April 06, 2016 (GLOBE NEWSWIRE) -- Ancestry.com LLC, the leader in family history and consumer genomics, will release financial results for its first quarter 2016 on Wednesday, April 20, 2016, after the market closes. Following the release, the Company will host a conference call at 3:00 p.m. MT (5:00 p.m. ET).
Private equity firm Silver Lake Partners has agreed to acquire a minority stake in Ancestry.com in a deal that values the privately held genealogy website at $2.6 billion, including debt, people familiar with the matter said on Friday.
The investment represents a bet that Ancestry's fast-growing DNA business will continue to expand. Ancestry sold 1 million genomics kits last year, a 93 percent increase from the prior year, as people keen to discover their roots sent in saliva samples.
A free resource for finding the final resting places of famous folks, friends, and family members, Find A Grave brings together more than 100 million photos of grave sites and over 115 million memorials from all 50 states.