Breakaway International Announces Acquisition of ProHost and RSViP Software Solutions.Business Editors & High-Tech Writers ARLINGTON, Texas--(BUSINESS WIRE)--April 2, 2002 Breakaway International Inc., a leading supplier of point-of-sale solutions for the food service industry, today announced the acquisition of ProHost and RSViP software solutions from OpenTable Inc. "The acquisition of ProHost and RSViP enables Breakaway to immediately meet industry demand for table management and reservation management solutions," said Tom Patty, president of Breakaway. "It also will extend our current product line to the food service industry and mark our entry into new market segments that we have not reached before." RSViP and ProHost each have more than 250 installations in restaurant, hotels, resorts, casinos, cruise lines
Name Headquarters A'rosa Europe NCL America America AIDA Cruises Europe American Cruise Lines America , and amusement park amusement park, a commercially operated park offering various forms of entertainment, such as arcade games, carousels, roller coasters, and performers, as well as food, drink, and souvenirs. properties around the world. Breakaway will support the current customer base for ProHost and RSViP and will work with resellers and other POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale vendors and hardware manufacturers that have integrated with these products. "We made the decision to sell the ProHost and RSViP products to sharpen our focus on the white tablecloth segment of the restaurant business. In looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an acquirer, our top priority was to find a company that could provide world-class support to existing ProHost and RSViP customers. We feel that Breakaway International is that company", said Douglas Boake, senior vice president of business development at OpenTable. Breakaway also plans to integrate these products into its proprietary POS system, Breakaway VISION, to enhance communication between the front and back of the restaurant. Breakaway will market the products under the names Breakaway ProHost and Breakaway RSViP. Wayne Rock, one of the originators of the ProHost and RSViP software products, has joined Breakaway as business development manager. Initially, Rock will oversee transition of the products from OpenTable to Breakaway and then will concentrate on business development for the company. The ProHost seating management solution has revolutionized casual dining restaurant operations since 1992 by providing a totally integrated system now known as the industry standard. ProHost includes automated wait list, server/section assignment, and table management capabilities to increase table turns and help improve operating margins. With the introduction of RSViP reservation management solution in 1996, booking reservations in restaurants and hotels became much more efficient with the introduction of multiple terminal, multiple restaurant booking capability, customer recognition, and marketing tools. RSViP has become the most widely distributed Adj. 1. widely distributed - growing or occurring in many parts of the world; "a cosmopolitan herb"; "cosmopolitan in distribution" cosmopolitan bionomics, environmental science, ecology - the branch of biology concerned with the relations between organisms reservation management solution in large resort and hotel/casino operations. About OpenTable Inc. Based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , OpenTable, Inc. is the leading provider of Internet-enabled customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), marketing, yield management and reservations solutions to the $500 billion global foodservice industry. The company's proprietary electronic reservation book (ERB) automatically builds a comprehensive customer database which enables restaurants to manage yields, communicate with diners Diners can mean:
OpenTable introduced real-time online reservations to the restaurant industry in 1998, and now has products that deliver the conveniences of 24/7 online reservations to hotel concierges (OTConcierge) and administrative assistants (OTAdmin). Dining consumers can tap into the OpenTable network and make reservations online at www.opentable.com, and also through the company's many distribution and content partners including CitySearch, Zagat, AOL/Digital Cities, The New York Times, The New York Times, The Morning daily newspaper, long the U.S. newspaper of record. From its establishment in 1851 it has aimed to avoid sensationalism and to appeal to cultured, intellectual readers. Chicago Tribune Chicago Tribune Daily newspaper published in Chicago. The Tribune is one of the leading U.S. newspapers and long has been the dominant voice of the Midwest. Founded in 1847, it was bought in 1855 by six partners, including Joseph Medill (1823–99), who made the paper , The Washington Post and The Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). . OpenTable's customers include more than 1200 of the nation's top fine dining restaurants. About Breakaway International, Inc. Founded in 1990, Breakaway International Inc., designs, develops, and markets innovative software to meet the specific operational and management reporting needs of the food service industry. Breakaway VISION, the company's flagship POS system, provides extensive capabilities, from order taking and store operations to management and customer marketing. In addition, Breakaway provides software solutions to address the needs of restaurants in the areas of table service and reservations management. Breakaway software products are currently being used by more than 300 different companies, in more than 2,800 locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 42 other countries. More information about Breakaway can be obtained on the Internet at www.breakawaynet.com or by calling 800/677-2986 or 817/788-8888 for international calls. |
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