M&A Deal Summary

American Express Acquires Resy Network

On May 15, 2019, American Express acquired internet software and services company Resy Network

Acquisition Highlights
  • This is American Express’ 3rd transaction in the Internet Software and Services sector.
  • This is American Express’ 10th transaction in the United States.
  • This is American Express’ 1st transaction in New York.

M&A Deal Summary
Date 2019-05-15
Target Resy Network
Sector Internet Software and Services
Buyer(s) American Express
Deal Type Add-on Acquisition

Target

Resy Network

New York, New York, United States
Resy is a SaaS company that’s challenging long-standing reservation tools and disrupting the status quo created by clunky, expensive reservation services. Company use technology to redefine hospitality by offering a cutting edge real-time cloud-based system with flat pricing, resetting industry expectations about how much value restaurants should expect from technology partners. Some of the best restaurants in the U.S., including Union Square Cafe, Chez Panisse and the Hillstone Restaurants use our platform.

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Buyer(S) 1

Buyer

American Express

New York, New York, United States
Category Company
Founded 1850
Sector Financial Services
Employees74,600
Revenue 60.4B USD (2023)
DESCRIPTION
American Express' regional offices in downtown Sydney, Australia.
American Express' regional offices in downtown Sydney, Australia.

American Express is a global financial services company offering payment and credit services to consumers and businesses. The Company's principal products and services are charge and credit payment card products and travel-related services. American Express was incorporated in 1850 and is based in New York City.

DEAL STATS #
Overall 14 of 18
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 11 of 13
State (New York) 1 of 1
Country (United States) 10 of 13
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Cake Technologies

London, United Kingdom

Cake Technologies Ltd. is a U.K.-based mobile payment technologies provider. Cake’s mobile payment technology was aimed at bars and restaurants, seeking to eliminate cash payments, while also driving more data (and revenue) to these businesses.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 ACOM Solutions - Acompay

Long Beach, California, United States

ACOM Solutions, Inc. - Acompay is a digital payment automation solution for accounts payable (AP) departments. The platform integrates with enterprise resource planning or accounting systems and supports check, automated clearing house (ACH), and card payments.

Buy -
Mergr

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