American Express (Amex) plans to acquire New York-based CRM and reservation platform Resy. The acquisition is expected to close in the fourth quarter of this year, according to a press release from Amex. Resy Fly uses data to help restaurants understand how to manage their inventory, looking at signals like date, time, weather and the average time spent eating at a restaurant. Resy is used by around 4,000 US restaurants and 10,000 worldwide, both independently and by partnering with other reservation platforms. Amex's purchase of Resy will allow it to expand its member rewards programme, while Resy will retain its brand name. The latest acquisition follows several purchases by Amex, as it seeks to bolster its member benefits.
American Express (Amex) plans to acquire New York-based CRM and reservation platform Resy. The acquisition is expected to close in the fourth quarter of this year, according to a press release from Amex. Resy is used by around 4,000 US restaurants and 10,000 worldwide, both independently and by partnering with other reservation platforms. Amex's purchase of Resy will allow it to expand its member rewards programme, while Resy will retain its brand name. The latest acquisition follows several purchases by Amex, as it seeks to bolster its member benefits.