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Seamless Completes Ownership Structure TransitionOwnership Change Will Support Accelerated Expansion Into New Geographies and Solidify Position as the Leader in Mobile and Online Delivery and Takeout Ordering (October 29, 2012)
NEW YORK, NY -- (Marketwire) -- 10/29/12 -- Seamless North America, LLC (www.seamless.com), the leading mobile and online service for ordering delivery and takeout food from more than 11,000 restaurants in the US and UK, today announced that ARAMARK has approved the spin-off of its interest in Seamless to ARAMARK shareholders. The new ownership structure, which will continue to include Spectrum Equity as a key equityholder, positions Seamless to further accelerate its geographic expansion and continue the evolution of its leading suite of services to diners, restaurants and enterprise clients.
"ARAMARK has provided strong stewardship of Seamless since 2006, and the spin-off is part of the natural evolution of a dynamic, fast-growing business like ours," said Jonathan Zabusky, CEO of Seamless. "We continue to experience high growth across the more than forty cities that Seamless and MenuPages currently serve, and expect the new ownership structure to enable us to further cement our positioning as the clear leader in the space."
Seamless recorded over $400 million in orders in 2011. Since releasing its iPhone, Android, BlackBerry, and iPad native applications, the company has seen more than 40% of its orders come through mobile devices and will place a continued emphasis on mobile ordering.
Seamless is the most trusted and comprehensive source for local restaurant information and online ordering. The company has made finding and ordering food from local restaurants fun and easy for more than 1.5 million members and many of the world's largest companies. Through Seamless.com, MenuPages.com, and mobile applications for iPad®, iPhone®, Android, and BlackBerry®, the company offers access to over 45,000 menus, 200,000 user-generated ratings and reviews, and exclusive discounts from restaurants in New York, Washington DC, Boston, Chicago, San Francisco, Los Angeles, Philadelphia, Houston, Austin, Seattle, Portland, Miami, London, and other US cities. Seamless facilitated more than $400 million in food orders from its 11,000+ partner restaurants in 2011. Seamless is an independent, privately held company.
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