In October 2012, Ancestry.com agreed to be acquired by a private equity group consisting of Permira Advisers LLP, members of Ancestry.com's management team, including CEO Tim Sullivan and CFO Howard Hochhauser, and Spectrum Equity for $32 per share or around $1.6 billion. At the same time, Ancestry.com purchased a photo digitization and sharing service called 1000Memories. In September 2013, Ancestry.com announced its acquisition of Find a Grave. A month later, the company announced it had purchased the family history records of South African genealogy website Ancestry24 which stopped operating in February 2013.