OpenTable: Provider of Real-time Restaurant-Reservation Services

One of the subsidiaries of The Priceline Group that is headquartered in San Francisco, California is OpenTable. The company is a provider of real-time restaurant-reservation services. Considered as a multi-million venture, the business is listed as part of the Russell 3000 Index.

It was Chuck Templeton, who created the business in 1998 and now provides services to more than 15 million diners every month. The company makes reservations to more than 31,000 upscale restaurants around the world. It generates its revenue from the monthly or the per-reservation fees they collect from the restaurants that use their systems. It was in 2014 that the company was purchased by The Priceline Group in a cash deal amounting to more than $2.6 billion.

In 2009, the company made its initial public offering on the NASDAQ, where its common stocks are traded under the symbol OPEN. Its applications are available in just about any smartphone that is able to download its mobile application.