By Kristyn Maslog-Levis, 22 June 2004 08:45
NEWS FriendsReunited has bought Schoolfriends.com - a firm which fulfils a similar role in the Southern hemisphere - for around £1m.
Vicki Dawson, one of the founders of Schoolfriends, which operates services in Australia, New Zealand and South Africa, said the company's owners had chosen FriendsReunited as an acquirer because of the range of products it offered.
Dawson said under the agreement, she will continue to run the Schoolfriends.com website in Sydney, together with three other staff and her brother and co-founder Rob Barron.
The Sydney-based Schoolfriends started in 2000 and offers a web-based search for long-lost friends from their schools, sporting clubs, community groups, defence forces and workplaces.
FriendsReunited now has more than 11 million members with profits of around £5m and sales of about £9m.
Kristyn Maslog-Levis writes for ZDNet Australia
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