(NASDAQ: GRPN) announced today it has acquired Savored (http://www.savored.com),
a leading provider of reservations at the best restaurants across the
United States. Terms of the deal were not disclosed.
More than 1,000 restaurants nationwide have used Savored's unique
platform for yield management. After booking a reservation on
Savored.com and visiting the restaurant, diners enjoy up to a 40%
discount applied automatically to their bill. Merchants enjoy
incremental revenue for tables that would otherwise be empty, and
consumers are incentivized by the ‘built-in' discount and roster of
high-end eateries to explore.
"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
Savored will continue to serve diners and restaurants at http://www.savored.com.
Interested merchants can learn more about Savored's free 30-day trial at http://savored.com/free-trial/
or by calling (877) 801-1209.
Groupon, launched in November 2008 in Chicago, features a daily deal on
the best stuff to do, eat, see and buy in 48 countries around the world.
Groupon uses collective buying power to offer huge discounts and provide
a win-win for business and consumers, delivering more than 1,000 daily
deals globally. To subscribe for the best deals in your city, visit http://www.groupon.com.
To learn how to become a featured business, visit http://www.grouponworks.com.
This announcement contains forward-looking statements that involve risks
and uncertainties, and actual results could differ materially from those
discussed. Factors that could cause or contribute to such differences
include, but are not limited to, the factors included under the headings
"Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the company's Annual Report on
Form 10-K for the year ended December 31, 2011 and subsequently filed
quarterly reports filed with the Securities and Exchange Commission,
copies of which may be obtained by visiting the company's Investor
Relations web site at http://investor.groupon.com
or the SEC's web site at (www.sec.gov).
You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of the forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this press
release to conform these statements to actual results or to changes in
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