Ancestry.com Inc. (ACOM) said Wednesday that it has acquired 1000memories Inc., a San Francisco-based photo-sharing startup.
Founded in 2010, 1000memories' has been focused on helping people digitize and share the estimated 1.7 trillion paper photos stored in their albums, attics, and shoeboxes. 1000memories will provide Ancestry.com members a compelling new way to share their family history discoveries with friends and family as well as scan and add their old photos to their family trees.
The 1000memories acquisition also brings with it the popular ShoeBox app that turns mobile phones into photo scanners providing an easy way to digitize, save, and share photos online or on-the-go.
To mark today's announcement, 1000memories has launched a new version of ShoeBox for iOS, enabling Ancestry.com members to post photos directly to their forebears' profiles on Ancestry.com.
It's expected that all 1000memories employees will join Ancestry.com effective immediately.
Terms of the deal were not disclosed. Ancestry.com does not expect the acquisition to have a material impact on its financial guidance as issued in connection with its second quarter earnings release on July 25.
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