Two great tastes that taste great together? Online reservations specialist OpenTable has forked over $10 million in cash to scoop up restaurant photo sharing app Foodspotting.
AllThingsD is reporting that OpenTable has acquired Foodspotting, a popular photo sharing app for foodies and restaurant lovers. The $10 million cash deal ought to make Foodspotting backers happy, given that the startup only raised $3.75 million during its three years of going it alone.
The deal is a logical extension of a partnership between OpenTable and Foodspotting dating back to a year ago, which brought some of the younger startup's more than three million restaurant photos onto the OpenTable service.
According to OpenTable CEO Matt Roberts, the two companies "had a such a shared passion for restaurants, we wanted an opportunity to work closely together as one team.”
Fear not, Foodspotting fans: The app will continue to exist independently of OpenTable, but will add the ability to make reservations from within the app as well. 10 Foodspotting employees will join the OpenTable ranks, including CEO and co-founder Alexa Andrzejewski, who is tipped to become the parent company's head UI designer.
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