US-based hospitality technology company Resy has completed the acquisition of restaurant reservations and recommendations platform Reserve.
The deal will strengthen Resy’s presence in the US restaurant reservation services market by expanding its network to 4,000.
Reserve currently has partnerships with various restaurant chains including Blue Hill at Stone Barns, Major Food Group, Rick Bayless Group, and Link Restaurant Group in these markets, which will be added to Resy’s platform.
Resy co-founder and CEO Ben Leventhal said: “The Resy team is excited to be partnering with Reserve and its community of amazing restaurants for this next step in our company’s evolution.
“Like Resy, the Reserve team has engaged with an impressive roster of restaurants in the name of progress. Resy will continue to build a platform that empowers good restaurants to be great and great restaurants to be amazing. By systematically dismantling the stale, inadequate, overpriced hospitality technology stack of the past, we are carving out a bright future for the industry.”
Reserve’s CEO Greg Hong and other employees will join Resy as part of the acquisition. Hong will stay with the company during the transition period.
Established in 2014, Resy offers reservation management software and a consumer-facing restaurant reservation app to enhance dining experiences globally.
The company network includes 10,000 restaurants in 160 cities and 11 countries.