San Francisco, California-based OpenTable, Inc. (NASDAQ: OPEN), an enormously popular on-line restaurant booking site, used extensively by your LA Travel Diva Examiner and millions of diners throughout the world, today (Jan. 30, 2013) announced that it has entered into a definitive agreement to acquire Foodspotting, an app for discovering and sharing great dishes at restaurants. The completion of the approximately $10 million acquisition is subject to the satisfaction of customary closing conditions.
"We're proud to welcome the talented Foodspotting team to the OpenTable family," said Matt Roberts, Chief Executive Officer of OpenTable. "The Foodspotting team is as passionate about dining as we are, and we're looking forward to leveraging their unique expertise in the areas of imagery and social sharing to enrich the OpenTable experience for diners and restaurants in new and exciting ways. By adding more visually compelling content to help people decide where to dine and discover dishes they'll love, we hope to make it even easier to find the perfect table for any occasion."
"We're so happy to have found a home for Foodspotting where our community can continue to thrive while our entire team continues to focus on creating great dining experiences," said Alexa Andrzejewski, co-founder and Chief Executive Officer of Foodspotting, who will be joining OpenTable as a lead user interface designer. "While working with OpenTable as partners we realized we could create more intelligent, seamless and beautiful experiences if we had the opportunity to integrate our products more deeply. We look forward to contributing our mobile, social and design expertise in ways that will delight both diners and restaurants."
This partnership reflects OpenTable’s focus on ways for diners to try new restaurants and book the perfect tables. The company recently added dish photos through a collaboration with Foodspotting, giving patrons a small taste of the kind of enhancements that will be coming once the Foodspotting team is on board. In addition to welcoming the Foodspotting team to OpenTable, the Company plans to maintain the Foodspotting site and mobile apps on a standalone basis.
About OpenTable, Inc.
OpenTable serves approximately 10 million diners per month via online bookings across more than 26,000 restaurants. The service was particularly helpful during the last two weeks in Los Angeles for restaurant bookings for dineLA Restaurant Week. In addition to the company's website and mobile apps, OpenTable powers online reservations for nearly 600 partners, including many of the Internet's most popular global and local brands. For restaurants, the OpenTable hospitality solutions enable them to manage their reservation book, streamline their operations and enhance their service levels. Since its inception in 1998, OpenTable has seated more than 385 million diners around the world. OpenTable also owns and operates toptable, the leading consumer destination site for restaurant reservations in the UK.