Friends Reunited web site for £120 million

In: General

19 Dec 2005

I just came across this about Friends Reunited web site for £120 million on informitv, not bad considering it was a established from their back room :)

ITV acquires Friends web site for 120 million pounds
ITV, the UK commercial television company, has acquired the Friends Reunited web site from its founders for £120 million in cash and shares.

Friends Reunited, a web site that links people through their former schools, colleges and employers, was originally established by Steve and Julie Pankhurst from the spare bedroom of their suburban semi in north London.

The company expects to turnover £12 million in the year 2005, with earnings of £6 million before tax.

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I have been a developer for roughly 10 years and have worked with an extensive range of technologies. Whilst working for relatively small companies, I have worked with all aspects of the development life cycle, which has given me a broad and in-depth experience.