February 26, 2015 7:43 PM ET

Internet Software and Services

Company Overview of Ancestry.com LLC

Company Overview

Ancestry.com LLC operates as an online family history resource for subscribers worldwide. The company’s subscribers use Web-based services and content collection to research their family histories, build their family trees, collaborate with other subscribers, upload their own records, and publish and share their stories. Its subscribers search through its collection of various records that cover birth records, marriage and death records, census records, immigration documents, photographs, maps, military records, personal narratives, and newspapers. The company was founded in 1983 and is headquartered in Provo, Utah. As of December 28, 2012, Ancestry.com LLC was taken private. Ancestry.com Ho...

360 West 4800 North

Provo, UT 84604

United States

Founded in 1983

1,149 Employees

Phone:

801-705-7000

Fax:

801-705-7001

Key Executives for Ancestry.com LLC

Chief Executive Officer, President, Director, Member of Equity Committee and Member of Operating Committee
Age: 50
Chief Financial Officer, Chief Operating Officer, Principal Accounting Officer and Member of Equity Committee
Age: 43
Chief Legal Officer and Chief Risk Officer
Age: 50
Chief Product Officer
Age: 42
Senior Vice President of International
Compensation as of Fiscal Year 2014.

Ancestry.com LLC Key Developments

Ancestry.com LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Ancestry.com LLC reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $155,162,000 against $144,986,000 a year ago. Income from operations was $3,329,000 against loss from operations of $8,051,000 a year ago. Loss before income taxes was $14,481,000 against $35,540,000 a year ago. Net loss was $7,065,000 against $23,347,000 a year ago. Adjusted EBITDA was $55,068,000 against $53,567,000 a year ago. Purchase of property and equipment was $2,712,000 against $9,466,000 a year ago. For the year, the company reported total revenues of $619,544,000 against $540,391,000 a year ago. Income from operations was $9,032,000 against loss from operations of $46,761,000 a year ago. Loss before income taxes was $61,016,000 against $145,253,000 a year ago. Net loss was $18,278,000 against $79,700,000 a year ago. Adjusted EBITDA was $215,289,000 against $211,583,000 a year ago. Purchase of property and equipment was $21,821,000 against $26,714,000 a year ago.

Ancestry to Build New Headquarters in Lehi, Utah

Ancestry announced its plans to build a new company headquarters at The Corporate Center at Traverse Mountain in Lehi, Utah. The new location will help the company broaden its footprint in attracting and retaining top talent throughout the Wasatch Front.

Ancestry.com LLC Announces Executive Changes

On January 26, 2015, Richard Sanders informed Ancestry.com LLC that he was resigning from the company's Operating Committee (the Operating Committee) effective immediately. Mr. Sanders' decision to resign did not involve any disagreement with the Company, the Company's management or the Operating Committee. The company appointed Dipan Patel to the Operating Committee to replace Mr. Sanders effective immediately. In addition, the Operating Committee appointed Brian Ruder, a current member of the Operating Committee, to replace Mr. Sanders on its Compensation Committee. Mr. Ruder will continue as a member of the Audit Committee. Mr. Patel, age 32 has been a Principal of Permira Advisers Ltd. (Permira) since 2014. On January 27, 2015, the company also announced that Eric Shoup, the company's Chief Product Officer, has informed the company that he will be stepping down from his position effective February 28, 2015. Mr. Shoup may remain an employee of the Company for some period of time after that date to aid in transition, but he will no longer serve as an officer. While the company conducts a search for his replacement, Timothy Sullivan, the company's Chief Executive Officer, will assume senior responsibility with respect to products.

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