By combining our complementary restaurant and diner networks, we are well positioned for continued growth in a massive market." "GrubHub and Seamless share a common goal to generate more business for local takeout restaurants while providing the best possible service to diners. We believe the merger will enhance the products we are able to offer both our diners and restaurants," said Matt Maloney, GrubHub co-founder and CEO. "We are excited to combine the strengths of these two dynamic organizations in an industry that is rapidly gaining traction. In 2012, the online and mobile platforms of the two organizations sent approximately $875 million in gross food sales to local takeout restaurants, resulting in combined revenue well in excess of $100 million. to order from more than 20,000 local takeout restaurants. The combined organization will enable diners and companies in more than 500 cities across the U.S. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry diners and enhance services to corporate clients. today announced the signing of a definitive agreement to merge two of the nation's premier services for ordering takeout. Next up: ?Ĭombined Networks, Services and Products Will Drive Additional Restaurant and Diner ValueĮnhanced Financial Strength Will Allow Organization to Better Scale in Rapidly Growing Food-Ordering IndustryĬHICAGO and NEW YORK, /PRNewswire/ - Seamless North America LLC and GrubHub Inc. Also, as hinted in that press release below, the merger will give the new mega-company more financial flexibility when it comes to further growth opportunities. Though we don't yet know what the new service will be called, the companies are already saying it will serve 500-plus US cities, with more than 20,000 restaurants taking orders. (SeamHub? Grubless?) Unlike some other transactions we cover around here, this does seem to be a merger in the truest sense of the word, with GrubHub founder Matt Maloney stepping up to the role of chief executive officer and Seamless CEO Jonathan Zabusky staying on as president. Seamless and GrubHub, two of the biggest food delivery services in the US, have just announced they'll be merging into a combined company, with the name of the new operation to be decided at a later date.
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