Opentable to Aquire Foodspotting for $10 million

OpenTable, the leading provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants, has purchased Foodspotting for $10 million. OpenTable, the world's leading provider of online restaurant reservations, announced January 23rd, that it has entered into a definitive agreement to acquire Foodspotting, an app for finding and sharing great dishes at restaurants, for approximately $10 million in cash pursuant to a stock purchase agreement. The completion of the 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."   

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"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."

The OpenTable network delivers the convenience of online restaurant reservations to diners and the operational benefits of a computerized reservation book to restaurants. OpenTable has more than 26,000 restaurant customers, and, since its inception in 1998, has seated more than 385 million diners around the world. I enjoy sharing pictures of dishes and sips and the convenience of integrating with OpenTable should be a win-win for both companies. Kudos, good luck!

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