On Tuesday, MMW learned that OpenTable – a provider of free, real-time online restaurant reservations and guest management solutions for restaurants – has entered into a definitive agreement to acquire Foodspotting.
Foodspotting has taken off in its own right lately as a popular app for finding and sharing favorite dishes at restaurants.
By enabling OpenTable to deliver a richer visual and social experience for diners and provide its restaurant customers with new opportunities to showcase their offerings, the acquisition supports the Company’s focus on continuing to enhance the ways it helps diners discover and book the perfect restaurant table.
Foodspotting will be acquired for approximately $10 million in cash pursuant to a stock purchase agreement, OpenTable says. 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.”