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Priceline buys restaurant management software firm to strengthen OpenTable

Sep. 03, 2015 11:52 AM ETBooking Holdings Inc. (BKNG) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • Priceline (PCLN +1%) is acquiring AS Digital, an Australian provider of restaurant table/reservation management software called ResPAK and a restaurant-booking site known as bookarestaurant.com.Terms are undisclosed.
  • Priceline states ResPAK is used by thousands of restaurants in 40+ countries. It plans to integrate AS Digital with OpenTable (acquired last year), and declares the purchase will "accelerate OpenTable's entry into the Australian market and expand its operations in Japan and across the Asia Pacific region."

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