Platform Innovation, New Partners Lead to Record Revenue
West Hollywood, CA – January 23, 2012 – Geni, the world’s largest collaborative genealogy site, today announced continued strong growth as it achieved profitability in December 2011. The popular collaborative genealogy site ends their year with more than 60 million profiles added to its World Family Tree and over 7 million users. Enhancements to its collaborative genealogy platform and new partnerships led to increased acceptance of its World Family Tree as the system of record for genealogy.
Strong Growth in 2011
Geni continued to set the pace for innovation in the genealogy industry with the release of several improvements to its leading collaborative genealogy platform:
“2011 was a pivotal year for Geni, with genealogists increasingly recognizing the benefits of collaboration,” said Noah Tutak, CEO of Geni. “I’m very proud of what our team has accomplished. Achieving profitability means that we have the resources necessary to accelerate the delivery of innovative features to our users. In 2012 we will make it easier and more fun for our users to work together to build the largest family tree in history, and discover more connections to historical figures, celebrities, and to each other.”
About Geni, Inc.
Geni is an online community of casual and expert genealogists working together to create a single World Family Tree. Members can invite relatives to help them build their family tree by adding profile information, documents, photos and videos. They can then discover how they are related to celebrities, historical figures and other members of the World Family Tree. Privately held and based in Los Angeles, Geni’s financial backers include Founders Fund and Charles River Ventures. It was founded by David Sacks, the original chief operating officer of PayPal and founder of Yammer, Inc.