OpenTable.com Selected by UPSIDE Magazine as a 'Hot 100' Private Company for 2000
May 23, 2000
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SAN FRANCISCO, Calif. (May 23, 2000) - OpenTable.com, the leading provider of Internet-enabled customer relationship management, yield management, and reservation management tools to restaurants, today announced that it has been selected by UPSIDE magazine (www.opentable.com) as one of the "Hot 100" Private Companies for 2000. OpenTable.com was one of the 100 companies singled out by the editors of UPSIDE and an advisory panel comprised of venture capitalists, financial analysts and market researchers. More than 1000 companies were nominated this year for the UPSIDE Hot 100 Awards, which were judged on the company's technological achievements, customer acceptance of products or services, financial backing, management savvy and marketing.
As stated in the article written by the UPSIDE editors, "Identifying companies likely to succeed in reaching public equity markets is but one of the criteria that we set for ourselves in picking what we consider to be the best of breed companies from among hundreds of potential winners. We, together with our 100-plus judges, also look for companies that are likely to withstand the test of time, not just their IPOs: Companies likely to become the blue-chip stocks of the new economy. Companies that have identified niches that they, and we, believe they will be able to exploit. Companies that have spent several years developing technologies that will bring useful innovation to business. And finally, companies with management teams capable of leading these firms for years to come."
"We evaluated hundreds of companies spanning a broad range of Internet-related market segments, and are pleased to recognize OpenTable.com among this year's winners," said David Bunnell, UPSIDE CEO and editor. "We look forward to watching the progress of the UPSIDE Hot 100 Award winners over the next year or so, and hope they continue being newsmakers as they move from being privately held to possibly becoming publicly traded companies."
"We are very proud of being singled out as an UPSIDE Hot 100 Company, particularly because they have a proven track record for identifying visionary companies who can rise to the challenge and succeed in today's competitive marketplace," said Jeff Edwards, OpenTable.com's newly-appointed chief executive officer. "More importantly, we view this honor as another significant validation of our role as leaders and innovators in bringing valuable Internet tools to restaurants."
About OpenTable.com
OpenTable.com is dedicated to harnessing the power of the Internet for restaurants and providing dining consumers with the best possible reservation experience. The company's proprietary electronic reservation book (ERB) introduces revolutionary Internet-enabled customer relationship management (CRM), marketing, and yield management tools, as well as real-time online reservations, to the restaurant industry. OpenTable.com has strategically partnered with leading Internet and media companies including America Online (AOL) Digital City, OracleMobile.com, The Chicago Tribune's Metromix.com, The New York Times' NYToday.com and The Boston Globe's Boston.com. OpenTable.com's customers include more than 600 of the nation's top restaurants. The company is backed by leading venture capital firms Impact Venture Partners and Benchmark Capital, as well as American Express. OpenTable.com is based in San Francisco, California, and has offices in fifteen cities including New York, Chicago, Boston, Los Angeles, Seattle and Washington DC. For more information about OpenTable.com or its online restaurant reservation network visit www.opentable.com or call 1.800.OPENTABLE.
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