Squarespace : American Express Completes Acquisition of Tock
SQSP
NEW YORK--American Express (NYSE: AXP) today announced that it has completed the previously announced acquisition of Tock, a reservation, table, and event management technology provider, from Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online.
The acquisition builds on American Express' previous investments in dining, travel, and entertainment, expanding the company's suite of digital tools for restaurants and merchants to better serve their customers and the number of restaurants offered through American Express channels.
"We're delighted to welcome the Tock team to American Express. This acquisition will enhance our dining platform by making more restaurants and dining experiences available through American Express, providing restaurants and other hospitality businesses with more tools, and over time, connecting them to our network of premium diners," said Pablo Rivero, Vice President, American Express Global Dining, CEO Resy. "We look forward to working with Matt Tucker and the Tock team to build a world class digital dining platform."
Tock, launched in Chicago in 2014 and acquired by Squarespace in 2021, provides reservation and table management as well as event ticketing solutions to approximately 7,000 restaurants, wineries, hotels and other bookable venues. Adding Tock's network of restaurants and innovative suite of products to American Express Global Dining will deliver even more unforgettable experiences for diners.
With the close of the deal, Matthew Tucker, Head of Tock, will continue to lead Tock as part of American Express, and will report to Pablo Rivero, Vice President, American Express Global Dining, CEO Resy.
"We are proud of everything we've built at Tock, and we are thrilled to join a global industry leader like American Express," said Matthew Tucker, Head of Tock. "With Tock's exceptional products, experienced team, and premium customer base, we look forward to working together to broaden American Express' world class dining program."
Effective today, Tock will operate as an independent division of American Express Global Dining.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, X.com/americanexpress, and youtube.com/americanexpress.
Key links to products, services and corporate sustainability information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Business Blueprint, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability and Environmental, Social, and Governance reports.
ABOUT RESY
Resy is a digital dining platform that powers restaurants around the world and provides reservation booking for passionate diners. With the powerful backing of American Express, Resy has created best-in-class software that elevates dining experiences and connects restaurants to a vast network of highly engaged diners. Resy is a destination for restaurant discovery, exclusive access, original content, and chef-driven culinary events. The amazing world of restaurants is just a few taps away in the Resy app and at Resy.com.
ABOUT TOCK
Tock offers an all-in-one solution for reservations, and table and event management. For over a decade, Tock has been working to create solutions to the industry's toughest problems. From reducing no-shows to controlling costs, Tock builds tools that help businesses adapt to hospitality's ever-changing needs through greater creativity and control. Restaurants, wineries, hotels, and bars all around the world choose Tock for its flexibility and world-class support. To learn more, visit exploretock.com/join.
ABOUT SQUARESPACE
Squarespace (NYSE: SQSP) is a design-driven platform helping entrepreneurs build brands and businesses online. We empower millions in more than 200 countries and territories with all the tools they need to create an online presence, build an audience, monetize, and scale their business. Our suite of products range from websites, domains, ecommerce, and marketing tools, as well as tools for scheduling with Acuity, and creating and managing social media presence with Bio Sites and Unfold. For more information, visitwww.squarespace.com.
MEDIA CONTACT
Lauren Young
https://www.americanexpress.com/en-us/newsroom/articles/company-statements/american-express-completes-acquisition-of-tock.html
Disclaimer
Squarespace Inc. published this content on October 15, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 15, 2024 at 13:38:02.169.