Opentable reservations system acquires Toptable.com

16th September 2010, 11:38am

OpenTable, an online reservations system for diners, has acquired toptable.com, a restaurant reservation site in the UK, for $55 million.

Jeff Jordan, president and chief executive officer of OpenTable, said they will now be able to offer restaurants the best service possible: "This acquisition of toptable.com is designed to accelerate the growth of our business in the United Kingdom in a meaningful way. 

"By combining toptable.com's robust consumer destination site for diners with our best-in-class software for restaurants, we will be able to provide a superior service to restaurants and diners in the United Kingdom."

Last year toptable.com reported revenues of £6.3 million and net income of £750,000.

David Norris of Livebookings believes this is a positive move for the restaurant industry: "It's great to see OpenTable throw its weight behind TopTable as it demonstrates what a growing and attractive market for online table reservations there is in the UK. In fact, here at Livebookings, we've taken 3.3m bookings for our restaurant customers during the last year – over 65% up on the same period last year."

Related Articles:

• 28 Jan 2011 - Tablebook.me partners with Opentable to launch website for restaurants
• 12 May 2010 - Opentable votes top 10 Best Food restaurants for May
• 03 Aug 2009 - OpenTable mobile application for BlackBerry phones
• 09 Jul 2009 - OpenTable now available on the iPhone

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