Ancestry.com Ends 2011 With 1.7 Million Subscribers; Sees Mid-to-High Teens Revenue Growth for 2012

Ancestry.com Inc. (Nasdaq:ACOM - News), the world's largest online family history resource, today reported that it ended the fourth quarter with 1,703,000 paying subscribers, above the company's guidance of 1,685,000 -- 1,695,000 subscribers. Monthly churn[1] declined to 3.8% in the quarter, down from third quarter 2011 and fourth quarter 2010. The company also noted it remains comfortable with its previously issued financial guidance for the fourth quarter and full year ended December 31, 2011.

The company also announced today that it currently expects 2012 revenue growth in the mid-to-high teens. 2012 adjusted EBITDA[2] margins are expected to expand year-over-year, exclusive of ongoing investment in the company's DNA product initiative, which could range from $10-$15 million in 2012.

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Akamai to Acquire Cotendo

Combined technology and teams expected to help accelerate pace of innovation in cloud and mobile optimization

Akamai Technologies, Inc. (NASDAQ: AKAM - News) and Cotendo announced today that the two companies have signed a definitive agreement for Akamai to acquire Cotendo.

Helping to mitigate the challenges of operating in a hyperconnected world, Akamai provides a secure platform over which businesses can engage users across the Web, mobile, cloud, or a mix of public and private network environments.  Cotendo offers an integrated suite of Web and mobile acceleration services.  The combination of the two companies' technologies and teams is expected to increase the pace of innovation in the areas of cloud and mobile optimization.

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POINT ROBERTS, Wash. - November 15, 2011 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stocks for November 15 th. Investors following social media stocks can now trade the newly launched Global X Social Media Index ETF (NasdaqGM: SOCL).

 Global X Funds, the New York based provider of exchange traded funds, today launched the Global X Social Media Index ETF, the first ETF globally to focus on social media companies.

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KIT digital Reports Record Q3 2011 Results

Revenue Up 124% Y-o-Y and 29% Sequentially to $62.3 Million and Op. EBITDA Up 223% Y-o-Y and 49% Sequentially to $14.3 Million, Delivering Net Income of $4.8 Million or $0.11 per Share

KIT digital, Inc. (NASDAQ: KITD - News), a premium software solutions and technology services provider for multi-screen, multi-platform video management and delivery, reported third quarter results for the period ended September 30, 2011. All figures are listed in U.S. dollars.

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Groupon Announces Pricing of Initial Public Offering

Groupon, Inc. (NASDAQ:GRPN - News) today announced the initial public offering of 35,000,000 shares of its Class A common stock at a price of $20 per share. In addition, Groupon has granted the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of Class A common stock to cover over-allotments, if any. All of the shares of Class A common stock are being offered by Groupon. The company's shares are expected to begin trading on The NASDAQ Global Select Market on November 4, 2011 under the ticker symbol “GRPN.”

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