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BrightSolid poised for Friends Reunited partnership

By Hamish Mackay

January 28, 2012 | 1 min read

Brightsolid, the Dundee based tech firm, has announced that it is on the cusp of announcing closer links between its range of family history websites and the social network Friends Reunited – which it purchased from ITV for £25m.

Reports in the Scotsman suggest that the company will make a formal announcement during the second quarter.

Brightsolid’s acquisition of Friends Reunited, which ITV bought from its founders for £175m in 2005, has increased the digital firm’s turnover to £28.4m in the year to March 31, 2011, from £16.2m a year earlier.

This translated to a pre-tax profit of £672k versus a loss of £322k in the previous year.

Chris van der Kuyl, Brightsolid’s chief exec said: “It’s been a great year and we’ve invested time and effort integrating Friends Reunited into the business.”

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