Three years ago, I set out with my co-founder, Dan Leahy, to start a company that would inspire restaurant owners to embrace technology in new ways. A company that would show these small business owners that technology can benefit their bottom line while enhancing the experience of their diners. To date, we have partnered with over 1,000 of the nation’s leading restaurants in this effort, and we are honored to service these restaurateurs who work tirelessly every day to make dining a fun, affordable and unforgettable experience.
The value that we have created in the restaurant industry is clear. Just ask any one of the many restaurateurs that has seen their bottom line increase by 50% since joining Savored about the impact we are having. Or ask any of the many diners who now celebrates out with friends and family more often. It is with these people in mind that we are eager to introduce Savored to a larger audience. And for that reason, I could not be more proud to announce today that Savored has been acquired by Groupon.
Together, Groupon and Savored will be able to deliver even more exceptional dining experiences to consumers while continuing to focus on restaurant profitability. The Savored product will remain sophisticated and elegant, enabling diners to make reservations at the very best restaurants and receive discounts of up to 40% seamlessly taken off their bill. Our commitment to style remains unwavering. Our innovative and unique dynamic pricing model will remain the crux of our value proposition, and the entire team at both Groupon and Savored cannot wait to deliver this value to even more diners and restaurants alike.
There are too many people that deserve recognition for building Savored to where it is today to do true justice in this post, but here’s a start: to every diner who trusted Savored enough to make a reservation and dine, to every restaurant who believed in our vision and signed up for the ride, to the Savored team that still wakes up every morning reading customer comments and goes to bed at night thinking about the number of covers we seated that day, to our investors who backed us through good times and bad, and most importantly, to my co-founder Dan, and early employees Julien Vernet and Chris Watson without whom Savored would not have been born, I thank you all very much for your contributions and support.
Now we get back to work – we hope you’ll take another bite and join us for the journey!