California-based restaurant reservation platform OpenTable acquires Ness in $17.3M cash deal
Real-time restaurant reservation service OpenTable has purchased Ness Computing, the company that made personalized recommendations app Ness. The acquisition deal is valued at $17.3 million in cash, according to TechCrunch.
Under the terms of the said deal, the Ness team will move to OpenTable's office in San Francisco. Meanwhile, the Ness app and website will be discontinued while its technology is being integrated into OpenTable, the report detailed.
The transaction will give OpenTable a much wider scope of audience with Ness' recommendation service. According to OpenTable, it seats over 14 million restaurant diners every month across around 31,000 restaurants. The acquisition might also bring Ness to the UK. Right now, the company is moving to add more features to its service, such as mobile payment for meals, the report explained.
NessSince its launching, Ness had raised a total funding of around $20 million. Its investors include Khosla Ventures, Bullpen Capital, Alsop Louie Partners, TomorrowVentures, American Express, and SingTel Innov8, TechCrunch reported.