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Wintrust Business Minute: American Express to acquire restaurant software company Tock for $400 million
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago-based restaurant software company Tock is being acquired by American Express for $400 million. The reservation software was developed by Alinea owner Nick Kokonas and former Google engineer Brian Fitzpatrick and founded in 2014. It employs about 200 people. American Express says Tock will operate as its subsidiary under the American Express Global Dining banner. American Express also owns the online reservation company Resy and has been beefing up its related payments and loyalty technology. The company says it’s creating a world-class digital experience platform that’ll include a wide range of benefits for diners and restaurants.
Also, hackers are demanding tens of millions of dollars in ransom from Hoffman Estates-based CDK Global. Listen for more below:
https://serve.castfire.com/audio/5244143/5244143_2024-06-24-184943.64kmono.mp3
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By wgnradio.com
4.5
88 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago-based restaurant software company Tock is being acquired by American Express for $400 million. The reservation software was developed by Alinea owner Nick Kokonas and former Google engineer Brian Fitzpatrick and founded in 2014. It employs about 200 people. American Express says Tock will operate as its subsidiary under the American Express Global Dining banner. American Express also owns the online reservation company Resy and has been beefing up its related payments and loyalty technology. The company says it’s creating a world-class digital experience platform that’ll include a wide range of benefits for diners and restaurants.
Also, hackers are demanding tens of millions of dollars in ransom from Hoffman Estates-based CDK Global. Listen for more below:
https://serve.castfire.com/audio/5244143/5244143_2024-06-24-184943.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Jobs added, Robo-relationships, EV approachability
.cls-7{fill:#fff;fill-rule:evenodd}
TransUnion violated whistleblower protection laws
.cls-4{fill:#000;}
NAR settlement impact, tech talent, Wildfire anniversary
.cls-7{fill:#fff;fill-rule:evenodd}
Jobs data, Climate Tech Week, Printers Row Lit Fest
.cls-7{fill:#fff;fill-rule:evenodd}
Top 4 U.S. frequent-flyer programs being investigated
.cls-4{fill:#000;}
Click for more
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