Aug. 1, 2013
OpenTable Inc. announced that it has been named the provider of restaurant reservations in North America for Urbanspoon. The company also announced that it has acquired Rezbook, Urbanspoon's reservation management system for restaurants. Terms of the deal were not disclosed.
"We're looking forward to introducing more diners to the convenience of online booking by powering reservations across our more than 20,000 restaurants on the Urbanspoon site and mobile apps," said Matt Roberts, CEO of OpenTable. "We're also excited about welcoming Rezbook and its approximately 2,000 restaurant customers to the OpenTable family."
OpenTable seats more than 12 million diners per month via online bookings across more than 28,000 restaurant customers worldwide. OpenTable has experienced a growing number of diners who are choosing to book via mobile devices. In the first quarter of 2013, reservations booked on mobile devices accounted for 36 percent of the 34 million diners OpenTable seated in North America.
The acquisition will be recorded in the company's third quarter 2013 financial statements.
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