S.F. firm buying Milwaukee’s GuestBridge for $3M
GuestBridge Inc., a Milwaukee company that provides guest management software, is being acquired by a San Francisco firm that provides free online reservations and other guest management services for restaurants.
OpenTable Inc. said Tuesday that it has agreed to acquire substantially all of the assets and certain liabilities of GuestBridge for about $3 million in cash. The acquisition, subject to customary closing conditions, is expected to close in the fourth quarter of 2009.
“We have great respect for what the GuestBridge team has accomplished over the last several years,” said Charlie McCullough, senior vice president of engineering at OpenTable. “GuestBridge has developed some compelling pieces of software technology which we will aim to leverage in the solutions we currently provide to restaurants.”
Originally founded in 1999 as ReservationSource.com to serve as an online reservation portal, the firm would develop software that tracks and manages guest and operational information. After an ownership change in 2001, the company changed its name in 2002 to focus on the new software application, according to the firm’s Web site. GuestBridge now provides guest management services to customers in several countries, including approximately 150 restaurants that may particularly benefit from the OpenTable diner network. Clients include Fleming’s Prime Steakhouse & Wine Bar, House of Blues, Ritz-Carlton Hotels and Resorts and Texas de Brazil.
GuestBridge employees will initially report into McCullough’s engineering organization at OpenTable following the close of the acquisition.
“This proposed acquisition will create a more complete operational, marketing and business solution for customers of GuestBridge, and we are very excited about what this combination of restaurant industry expertise can deliver to them,” said Dave Arthurs, president of GuestBridge.
- Raquel Leoncio
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