Jump to content

OpenTable

From Wikipedia, the free encyclopedia
This is an old revision of this page, as edited by 2804:d55:5238:cd00:51c2:236e:ec70:6ed6 (talk) at 22:51, 10 February 2021. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
For the Christian eucharistic practice, see Open communion.
OpenTable, Inc.
Screenshot
Type of site
Subsidiary
FoundedJuly 2, 1998; 26 years ago (1998-07-02)
Headquarters
San Francisco, California
,
United States
No. of locations10 (2016)[1]
Area servedWorldwide
Founder(s)Chuck Templeton
Key people
  • Debby Soo CEO
  • Andrea Johnston COO
  • Joseph Essas CTO
  • Jessica Jensen CMO
IndustryInternet
ServicesTable reservation
RevenueIncrease US$190.05M (2013)[2]
Operating incomeIncrease US$46.429M (2013)[2]
ProfitIncrease US$33.385M (2013)[2]
Total assetsIncrease US$310.971M (2013)[2]
Total equityIncrease US$230.262M (2013)[2]
Employees1450 (2019)[2]
ParentBooking Holdings
URLopentable.com
Current statusActive

company founded by on 2 July 1998 and is based in San Francisco, California.

4 the company announced it had agreed to terms with to be acquired in an all-cash deal forbillion. the United States. However, this has expanded to include , , , , , and the . Reservations are free to end users; the company charges restaurants flat monthlysystem. Acer year.

History

OpenTable was founded by Chuck Templeton on 2 July 1998, and initially incorporated in California as easyeats.com, Inc.[3]

On 21 May 2009, the company held its initial public offering (IPO), on the NASDAQ stock exchange under the ticker symbol Nasdaq: OPEN. The underwriters of the IPO were Merrill Lynch, Allen & Company, Stifel Nicolaus, and ThinkEquity.[4]

On 1 October 2010, the company acquired Toptable, a restaurant reservation site in the UK.[5]

On 29 January 2013, the company announced that it had entered a definitive agreement to acquire Foodspotting.[6]

On 13 June 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.[7]

In August 2020, OpenTable named Debby Soo as its new CEO.[8]

Information

For users

The service allows users to search for restaurants and reservations based on such parameters as dates, times, cuisine, and price range. Users who have registered their email address with the system will then receive a confirmation email.[9] Users can also receive 100 or 1,000 OpenTable rewards points after dining; these points can be redeemed for discounts at member restaurants.[10]

The company also has a mobile application available in Apple's App Store, Google Play, Blackberry App World, Palm App Catalog, and Windows Phone Store that allows users to find and book dinner reservations.[11][12]

For restaurants

The service provides restaurant owners with comprehensive reservation management. Subscribing restaurants use an Electronic Reservation Book (ERB) to replace existing paper reservation systems; ERB is an integrated software and hardware solution[buzzword] that computerizes restaurant host-stand operations. The ERB handles reservation management, table management, guest recognition, and email marketing.[13]

See also

References

  1. ^ "About Us". OpenTable. Retrieved 6 October 2016.
  2. ^ a b c d e f "OpenTable, Inc., Annual Report on Form 10-K". SEC. February 21, 2014.
  3. ^ Hafner, Katie (June 18, 2007). "Restaurant Reservations Go Online". The New York Times.
  4. ^ "Investor FAQs". OpenTable. Retrieved 2014-06-13.
  5. ^ Parr, Ben (September 16, 2010). "OpenTable Acquires European Competitor TopTable for $55 Million". Mashable. Retrieved July 7, 2015.
  6. ^ "OpenTable Press Release". OpenTable. 29 January 2013.
  7. ^ "Priceline books OpenTable for $2.6bn". New York Telegraph. Retrieved 13 June 2014.
  8. ^ Aug. 13, Joe Guszkowski on; 2020. "OpenTable names new CEO". Restaurant Business. Retrieved 2020-08-14. {{cite web}}: |last2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  9. ^ Joseph, Scott (September 8, 2006). "Table for 2 Is a Click Away". Orlando Sentinel. p. E3.
  10. ^ Lubinger, Bill (February 21, 2007). "Need a Corner Table? Reservation at 7? Opentable Online Gets It for You Fast". The Plain Dealer. Cleveland. Archived from the original on December 12, 2007. Retrieved April 25, 2020.
  11. ^ "Open Table's Free iPhone App Finds Nearby Dining Reservations". Silicon Valley Business Journal. November 17, 2008.
  12. ^ Kumparak, Greg (September 14, 2009). "OpenTable Launches on Android". The Washington Post. Retrieved May 20, 2010.
  13. ^ "Open Table Company Profile". Businessweek. Retrieved March 17, 2009.
Retrieved from "https://en.wikipedia.org/w/index.php?title=OpenTable&oldid=1006079210"