OpenTable Acquires Quickcue, LLC - Quick Facts

(RTTNews) - OpenTable, Inc. (OPEN) announced that it has acquired Quickcue, LLC, a provider of guest management systems for restaurants, for about $11.5 million in cash pursuant to an agreement and plan of merger.

OpenTable said it will support about 40 existing Quickcue customers and plans to discontinue offering the current Quickcue product to new customers while it works on its next-generation solution.

The company stated that the acquisition will be recorded in the fourth quarter 2013 financial statements of OpenTable and is not expected to have a material impact on fourth quarter and full year 2013 financial guidance provided by the company on November 5, 2013. OpenTable will provide financial guidance for the first quarter and full year 2014 financial outlook when the company reports fourth quarter 2013 financial results on February 6th.