QUOTE AND NEWS
SeekingAlpha  Jul 23  Comment 
Ancestry.com, Inc (NASDAQ:ACOM) Q2 2014 Earnings Conference Call July 23, 2014 17:00 ET Executives Heather Erickson - Head of Global Communications Tim Sullivan - CEO Howard Hochhauser - CFO & COO Analysts Adam...
Cloud Computing  May 14  Comment 
UNIT4, the global leader in software that supports business change, announced today a new partnership agreement with Advisory and Consulting Mondragón (ACOM) to market and implement UNIT4 software solutions in Mexico as it looks for growth in...
Benzinga  Dec 31  Comment 
In a report published Monday, Jefferies & Company terminated its coverage on Ancestry.com (NASDAQ: ACOM). Jefferies noted, “We are dropping coverage of Ancestry.com following the closure of the company's acquisition by UK-based private equity...
Benzinga  Nov 27  Comment 
Cantor Fitzgerald downgraded Ancestry.com (NASDAQ: ACOM) from Buy to Hold and reiterated its $37 price target. Cantor Fitzgerald commented, "We are downgrading ACOM to HOLD from BUY following the Permira-led acquisition of the company...
Benzinga  Oct 25  Comment 
Goldman Sachs lowered its rating on Ancestry.com (NASDAQ: ACOM) from Buy to Neutral with a reiterated $36 price target. Goldman Sachs said, "With the company reaching a tentative agreement to be acquired by Permira for $32 per share (expected...
StreetInsider.com  Oct 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Ancestry.com%2C+Inc.+%28ACOM%29+Tops+Q3+EPS+by+5c/7815980.html for the full story.
Benzinga  Oct 23  Comment 
Citigroup has published a research report on Ancestry.com (NASDAQ: ACOM) and has downgraded the company from Buy to Neutral. In the report, Citigroup wrote, "On Oct 22nd, ACOM and European private equity firm, Permira Funds, announced that a...




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Ancestry.com is the world’s largest online family history resource, with nearly 1.4 million paying subscribers around the world. Prior to its IPO, the company had pioneered the market for online family history research. By developing and acquiring efficient and proprietary systems for digitizing handwritten historical documents, as well as establishing relationships with national, state and local government archives, historical societies, religious institutions and private collectors of historical content around the world, subscribers pay money to Ancestry.com to attain information otherwise harder to uncover. The graying populations in developing countries, as well as the wide surplus of populations yet untapped offer tremendous opportunity for Ancestry.com to wield its current unchallenged domestic market position.

Business Growth

Ancestry.com divides revenues from two major sources:

  • Subscription Revenues (95% of total revenues) primarily come from access to the company's services via various Ancestry.com Web sites. Of this, the majority of subscription revenues come from either the U.S. or U.K.
  • Product and Other Revenues (5% of total revenues) include sales of desktop software (Family Tree Maker), physical delivery of copies of historical vital records (birth, marriage and death certificates), DNA testing (Ancestry.com DNA), advertising, digitization services, genealogical research services and other products and services[1]

Continued operational performance in Ancestry.com is highly dependent upon the new subscribers it may retain, as well as the continued payment of current subscribers.

Trends and Forces

The Graying of Developed Countries help ACOM's Greatest Customer Base, the Elderly

With a current 39.6 million elderly people (+65 of age) in the U.S., ACOM's current 1.6 million subscriber base is considered small.[2] Because most of ACOM's subscribers come from the elderly, the population of seniors will greatly influence the amount of revenues ACOM may derive. However, with the graying of many developed countries such as Japan and the U.S., ACOM is naturally being helped by this factor as it is increasing the number of enthusiasts into its pile. As the world's largest online family resource, ACOM is poised to contain the greatest weight of that gain.

International Markets Represent the Next Big Opportunity

Currently, roughly 90% of subscription revenues come from either the U.S. or U.K.[3] Many other developed countries also contain readily accessible records, which potentially may lead to future revenues. But an increase in the digitization of records from developing countries will lead to the biggest gain for ACOM, should the company choose to invest in the venture. Some of the most populous countries such as China and India have also the largest elderly populations. Should the records become digitized in these countries, ACOM can take advantage of an even larger base of revenue subscriptions.

Competition

For the most part, ACOM does not have any direct pure-play competitors as it holds the world's largest market share in online search directories. However, the closest substitute for ACOM is an individually made trip to publicly disclosed records. Because ACOM primarily uses information from publicly released records, these same records may be found by users as well. On the web, users may also choose to use such Internet search engines found in Google (GOOG) and Yahoo! (YHOO).

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