Francisco Partners, a global investment firm that specializes in partnering with technology businesses, has acquired MyHeritage, a global online genealogy platform.
“With its unmatched presence across Europe combined with its development of unique, cutting-edge technologies, MyHeritage is an ideal investment for Francisco Partners. The company has proven itself to be an innovation powerhouse through its robust subscription business, unique positioning, advanced technology portfolio, and international focus that has enabled it to build a superior user experience,” said Matt Spetzler, co-head of Europe and partner at Francisco Partners, who will also join the MyHeritage board upon closing. “Francisco Partners shares MyHeritage’s vision for growth as well as its intense commitment to ensuring the privacy of its users. The users’ personal data is an extremely important priority and we will work together with MyHeritage to expand its already strong privacy framework going forward.”