LONDON and SAN FRANCISCO, Oct. 1, 2010 (GLOBE NEWSWIRE) -- OpenTable,
Inc. (Nasdaq:OPEN) (www.opentable.com), a leading provider of free
online reservations for diners and guest management systems for
restaurants, today announced the closing of its acquisition of all of
the shares of toptable.com, a leading restaurant reservation site in
the United Kingdom, for approximately $55 million USD in cash.
toptable.com provides a free and easy-to-use online restaurant
reservation service for diners, allowing them to browse and book at
more than 3,000 restaurants across the United Kingdom. Nearly three
million diners are seated at restaurants each year through reservations
booked via toptable.com.
About OpenTable, Inc.
OpenTable is a leading provider of free, real-time online restaurant
reservations for diners and reservation and guest management solutions
for restaurants. The OpenTable network delivers the convenience of
online restaurant reservations to diners and the operational benefits
of a computerized reservation book to restaurants. OpenTable has more
than 14,000 restaurant customers, and, since its inception in 1998, has
seated more than 160 million diners around the world. The company is
headquartered in San Francisco, California, and the OpenTable service
is available throughout the United States, as well as in Canada,
Germany, Japan, Mexico, and the United Kingdom.
The OpenTable, Inc. logo is available at
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 that involve risks, uncertainties,
and assumptions. If such risks or uncertainties materialize or such
assumptions prove incorrect, the company's actual results could differ
materially from those expressed or implied by these forward-looking
statements and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. More information about potential factors that could affect
the company's business and financial results is contained in its
filings with the SEC, including its Annual Report on Form 10-K for the
fiscal year ended December 31, 2009 and Quarterly Reports on Form 10-Q.
The company does not intend, and undertakes no duty, to update this
information to reflect future events or circumstances.
OpenTable, OpenTable.com, OpenTable logos, toptable.com and other
service names are the trademarks of OpenTable, Inc. and/or its
CONTACT: GMK Communications