[SEE UPDATES BELOW - THIS IS A DEVELOPING STORY]
Early this morning the Irish Independent reported that Ancestry.com is moving its world headquarters from Provo, Utah to Dublin, Ireland:
The firm is currently fitting out its new headquarters over two floors at the former DDDA offices at Sir John Rogerson’s Quay, where the vast bulk of the staff are to be located.
However, the company is remaining tightlipped about its Irish plans, with executive director of finance John Slyne stating that the company was “not yet ready” to reveal the extent of its new operations here.
I’m not sure if this is simply an expansion of its current office in Dublin or if it is indeed moving its operations to Ireland, partly as a tax strategy since Ireland does have one of the lowest corporate tax rates. See the entire article here.
UPDATE: It appears that the Irish Independent retracted its story and it is no longer available. According to Chris Paton at British Genes, Ancestry.co.uk denied the story on Twitter and after that the story was retracted. See Chris’s post at http://britishgenes.blogspot.com/2012/07/major-news-ancestrycom-to-move-to.html.
UPDATE: This story is still developing and it could simply be a matter of Ancestry.com building up its Europe and UK presence by expanding its existing Dublin, Ireland office. This would make sense with the expansion of findmypast / brightsolid into the US market this year.
But on the other hand, last month’s announcement of Ancestry.com looking for a buyer was a shocker as well. And realigning the bottom line in terms of corporate taxes would seem to be an attempt to spruce up the company for prospective buyers.
©2012, copyright Thomas MacEntee