|Yelp Acquires Leading Restaurant Waitlist Service Nowait|
Addition of Nowait Pairs the Nation’s Largest Consumer Platform for Restaurant Search with the Industry’s Top Waitlist Service
The Nowait system replaces paper lists or handheld buzzers with a simple experience delivered via smart phone, helping to drive more business for busy restaurants while meeting the needs of time strapped diners.
"Yelp already plays a big role in millions of purchase decisions every
day as consumers actively seek out businesses and services that save
them time and money. The full integration of Nowait allows us to provide
real-time seating availability that better equips diners to make
informed decisions," said
"We’ve had a successful partnership and we’re excited to align fully with Yelp to drive even faster adoption. Together we’ll have the leading waitlist system in the restaurant industry paired with the largest engaged consumer base," said Ware Sykes, Nowait’s chief executive officer.
1 Calculated as the number of unique devices accessing the app on a monthly average basis over a given three-month period, according to internal Yelp logs.
2 Calculated as the number of “users,” as measured by
3 Calculated as the number of “users,” as measured by
This press release contains forward-looking statements relating to, among other things, the anticipated benefits of Yelp’s acquisition of Nowait, Yelp’s strategy, plans, objectives, expectations and intentions with respect to Nowait, including with respect to offering Nowait products to Yelp-listed businesses, and other statements that are not historical facts. These forward-looking statements are based on Yelp’s current expectations, forecasts and assumptions, and inherently involve significant risks and uncertainties. Actual results and timing of events could differ materially from those predicted or implied in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks associated with the acquisition, such as the risk that the businesses will not be integrated successfully or that such integration may be more difficult, time consuming or costly than expected; risks related to future opportunities and plans for the combined company, including whether Nowait’s customers will continue to use the service following the acquisition, whether Yelp will be able to leverage its large distribution network to increase the customers using the service and whether the acquisition will drive engagement on Yelp; risks related to the potential disruption of both businesses in connection with the transaction; and the competitive and regulatory environment while Yelp continues to expand and introduce new products as new laws and regulations related to Internet companies come into effect. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.