MyHeritage to be Acquired by Leading Private Equity Firm Francisco Partners
Summary
“When I founded the company from my home eighteen years ago, I had a clear vision that drove me, and continues to drive me today – to make family history discovery easier using technology and to unlock the fun in genealogy: the human pursuit that bonds people,” said Gilad Japhet, Founder and CEO of MyHeritage. We’re incredibly excited for this next chapter in our company’s evolution.” “By leveraging our operational expertise, market resources and strong industry networks, we believe Francisco Partners is uniquely positioned to help MyHeritage accelerate its vision for growth. These updates will be highly unique amongst the larger genealogy and genetic DNA industry and are a testament to the commitment both MyHeritage and Francisco Partners share to privacy and consumers. With billions of historical records and family tree profiles, and with sophisticated matching technologies that work across all its assets, MyHeritage allows users to discover their past and empower their future. With more than $25 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
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