Yelp to Acquire SeatMe in $12.7M Cash and Stock Deal
Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced it has agreed to acquire SeatMe, Inc, a web and iPad-app based reservation solution for the restaurant and nightlife categories. With SeatMe's solution, more local restaurants and bars can provide an easy way for customers to book online reservations, enhancing the consumer experience for those who discover a great local business on Yelp.
Based in San Francisco, SeatMe was founded in 2011 to provide a technology solution that makes managing reservations easy and affordable to a broad array of restaurants and nightlife establishments. The SeatMe solution was developed with a consumer-centric approach, including features like texting guests that their table is ready and providing accurate wait times.