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Wintrust Business Minute: American Express to acquire restaurant software company Tock for $400 million
Manage episode 425448988 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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:
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Wintrust Business Lunch
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Manage episode 425448988 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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:
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Wintrust Business Lunch
103 episodes
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Similar to Wintrust Business Lunch
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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continue reading
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