The Salt Lake Tribune has an article about The Generations Network's new CFO (see the TGN announcement I posted earlier at http://blog.eogn.com/eastmans_online_genealogy/2008/12/the-generations.html.)
The Tribune's article goes deeper than the original announcement. It quotes The Generations Network CEO Tim Sullivan as saying, "I wouldn't say we have plans to take it public," but he added that making a public offering is part of the expertise the company's owners bring to the Provo-based company. "We're going to do whatever we should do to maximize value for our shareholders and service our members and subscribers," said Sullivan.
Sullivan called the company "extremely profitable," saying it has more than a million paid subscribers to its family history services and $190 million in yearly revenue.
Sullivan and the new CFO Hochhauser said the company's strong financial position, and the fact that the recession has lowered the value of other companies, may allow The Generations Network to make strategic acquisitions that will allow it to continue to grow.
"It's something we want to do if we think there are opportunities," said Sullivan.
You can read more at http://www.sltrib.com/business/ci_11130742.
Any bets on who will be acquired?