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OpenTable
OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton on July 2, 1998, and based in San Francisco, California.
In 1998, operations began with a limited selection of restaurants in San Francisco. Restaurants used the company's back-end software to process the reservations made on the website, resulting in a real-time reservation system for both diners and restaurants. The service has since expanded to cover more than 55,000 restaurants in more than 80 countries as of 2024. In June 2014, the company was acquired by Priceline Group for $2.6 billion.
Reservations are free to end users; the company charges restaurants flat monthly and per-reservation fees for their use of the system. According to the company, it provides online reservations for more than 50,000 restaurants around the world and seats over 1 billion diners per year.
OpenTable was founded by Chuck Templeton on July 2, 1998, and initially incorporated in California as easyeats.com, Inc.
On May 21, 2009, the company held its initial public offering (IPO), on the NASDAQ stock exchange under the ticker symbol OPEN. The underwriters of the IPO were Merrill Lynch, Allen & Company, Stifel Nicolaus, and ThinkEquity.
On October 1, 2010, the company acquired Toptable, a restaurant reservation site in the UK.
On January 29, 2013, the company announced that it had entered a definitive agreement to acquire Foodspotting.
On June 13, 2014, the company agreed to a takeover offer by the Priceline Group of $103 a share, a 46% premium on the previous day's closing stock price. The offer valued the company at $2.6 billion. Both companies said OpenTable would continue to operate as a separate business under the same management.
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OpenTable
OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton on July 2, 1998, and based in San Francisco, California.
In 1998, operations began with a limited selection of restaurants in San Francisco. Restaurants used the company's back-end software to process the reservations made on the website, resulting in a real-time reservation system for both diners and restaurants. The service has since expanded to cover more than 55,000 restaurants in more than 80 countries as of 2024. In June 2014, the company was acquired by Priceline Group for $2.6 billion.
Reservations are free to end users; the company charges restaurants flat monthly and per-reservation fees for their use of the system. According to the company, it provides online reservations for more than 50,000 restaurants around the world and seats over 1 billion diners per year.
OpenTable was founded by Chuck Templeton on July 2, 1998, and initially incorporated in California as easyeats.com, Inc.
On May 21, 2009, the company held its initial public offering (IPO), on the NASDAQ stock exchange under the ticker symbol OPEN. The underwriters of the IPO were Merrill Lynch, Allen & Company, Stifel Nicolaus, and ThinkEquity.
On October 1, 2010, the company acquired Toptable, a restaurant reservation site in the UK.
On January 29, 2013, the company announced that it had entered a definitive agreement to acquire Foodspotting.
On June 13, 2014, the company agreed to a takeover offer by the Priceline Group of $103 a share, a 46% premium on the previous day's closing stock price. The offer valued the company at $2.6 billion. Both companies said OpenTable would continue to operate as a separate business under the same management.