OpenTable.com and employeesavings.com Announce Plan to Link Corporate Diners With the Country’s Finest Restaurants
May 2, 2000
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OpenTable.com, the leader in online restaurant reservations, today announced a partnership with employeesavings.com to create the first online dining program to reward corporate employees for dining at OpenTable.com’s partner restaurants and for using the company’s personalized real-time restaurant search and reservation engine. employeesavings.com is the leading provider of web-based work/life solutions used by Fortune 1000 companies to attract and retain employees. The new program is designed to simplify the restaurant reservation process for business travelers and corporate meeting planners, as well as to reward frequent diners and help enhance the quality of life of corporate employees trying to balance busy work and home lives.
“Large corporations already have close relationships with preferred suppliers of other travel and entertainment (T&E) services,” said Chuck Templeton, OpenTable.com president and CEO. “In partnership with employeesavings.com, OpenTable.com will be the first company to build similar links between corporations and their preferred restaurants. employeesavings.com is the leader in the corporate value plan market and shares OpenTable.com’s commitment to providing unique, high-quality services to both corporations and restaurants.”
"Working with OpenTable.com further strengthens employeesavings.com’s leadership in the emerging online work/life category by offering services that simplify the hectic pace of daily life, such as the OpenTable.com's convenient, online restaurant reservations, ” said employeesavings.com president and CEO Norman Behar.
OpenTable.com’s restaurant search and reservation engine will be available to Fortune 1000 employees through the customized corporate extranets that employeesavings.com develops and hosts for Fortune 1000 companies. The web sites are designed to assist employees with balancing their work and home life responsibilities through time and money savings on hundreds of consumer products and services.
About employeesavings.com
Formed in 1997, employeesavings.com is the leading provider of Web-based work/life solutions used by Fortune 1000 employers to attract and retain employees. The company's product categories include Employer Sponsored Value Plans (ESVPs) and its suite of Web-based HR administrative tools. employeesavings.com's cornerstone product, the ESVP, is a free, customized employee value program providing employees with savings on premium products and services. employeesavings.com negotiates exclusive offers on groceries, apparel, electronics, sports equipment, cars, entertainment, travel, financial and insurance services, and more -- all at no cost to employers. Hundreds of discrete savings and special offers are aggregated into a single plan, administered by employeesavings.com under the ESVP umbrella. Corporate employees may access ESVP savings 24 hours a day, seven days a week through an employer-branded extranet Web site, a printed catalog or an employeesavings.com value card accepted at participating retailers.
The suite of Web-based tools includes real-time ESVP reporting, employee classified ads, calendars and other Web-based tools that reinforce corporate culture. The privately held company is backed by Benchmark Capital, Crosslink Capital, Goldman, Sachs & Co. and others, and is based in Bellevue, Wash. employeesavings.com is endorsed by the Employee Services Management Association and may be found on the Internet at www.employeesavings.com.
About OpenTable.com
OpenTable.com, the online restaurant reservation network, is based in San Francisco, California, and has offices in thirteen cities including New York, Chicago, Boston, Los Angeles, Seattle and Washington DC. OpenTable.com is an Internet company 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 customer database-building, marketing, and yield management tools to the restaurant industry. OpenTable.com has strategically partnered with leading Internet and media companies including America Online (AOL) Digital City, OracleMobile.com, and The New York Times’ NYToday.com and The Boston Globe’s Boston.com. OpenTable.com’s customers include 500 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. 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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