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OpenTable opens for business with $42 million

Published on .

Customer relationship management start-up OpenTable, which specializes in the restaurant industry, said it has landed $42 million in venture capital. The San Francisco-based software developer said it would use the money to expand to other industries, including hotels and travel agencies. Investors included Benchmark Capital, Impact Venture Partners, Integral Capital, Epoch Partners, Comdisco Ventures and Upstart Capital. Worldspan, which provides information to travel agencies, also provided capital to OpenTable, the company said. OpenTable plans to release a new application called OTRestaurant, which allows restaurant operators to access reservation information over the Internet, and offers customer incentives. A release date was not set.
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