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MyHeritage acquires MesAieux.com to strengthen global leadership in genealogy

Sep 09, 2024•over 1 year ago

Acquiring Company

MyHeritage

Acquired Company

MesAieux.com

QuebecFamilyMuseums And Historical SitesNon Profit

Description

MyHeritage, the leading global platform for family history, has announced the acquisition of MesAieux.com, a well-established family history service specializing in French-Canadian genealogy. This acquisition strengthens MyHeritage's position as a leader in the global genealogy market and enhances its dominance in the Francophone community.

Company Information

Company

MyHeritage

About

MyHeritage is the leading global discovery platform for exploring family history. 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. MyHeritage DNA is one of the world’s largest consumer DNA databases, with more than 5 million customers. MyHeritage is the most popular DNA test and family history service in Europe. Since 2020, MyHeritage is home to the world’s best AI technologies for enhancing and colorizing historical photos. www.myheritage.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed