American Express acquires restaurant reservations platform Resy

American Express has entered an agreement to buy Resy, a digital restaurant reservations booking and management platform.

Resy, founded in 2014, provides table management, CRM and booking technology to more than 4,000 restaurants to 154 U.S. cities and 10 international markets.

“Resy was created to both connect people who love dining out with new, notable and hard to get into restaurants around the globe, as well as help restaurant’s businesses grow and thrive,” Chris Chracciolo, senior vice president, global loyalty and benefits at American Express, said in a company release.

The acquisition is scheduled to close in the summer, but Resy will continue to operate under its own brand, with its existing co-founders, CEO Ben Leventhal and CTO Michael Montero, remaining in charge.

The platform operates mainly in the U.S., but also has significant business in the U.K., Europe, Australia and Canada.

American Express is also working to enhance the digital capabilities of its recently acquired businesses, including Mezi, a personal assistance app, Cake Technologies, a U.K.-based restaurant reservations app, Lounge Buddy, an airport lounge booking platform and Pocket Concierge, a Japanese restaurant reservations platform.

Terms of the deal were not disclosed. 

Topics: Card Brands, Financial News, Restaurants

Companies: Resy Network, Inc., American Express

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