Groupon has acquired Savored, a provider of reservations at restaurants across the United States. Terms of the deal were not disclosed.
Savored works with around 1000 restaurant across the United states. After booking a reservation on Savored.com and visiting the restaurant, diners receive up to a 40% discount applied automatically to their bill. The restaurant get incremental revenue for tables that would otherwise be empty.
“Savored’s platform nicely complements Groupon’s efforts in yield management, an area we’ve pioneered with Groupon Now!,” said Dan Roarty, VP of Groupon Now. “We look forward to working together to achieve a common goal – making dining out even more fun and affordable for consumers while helping restaurateurs manage inventory and grow their businesses.”
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