Seamless and GrubHub, the two major online food ordering sites, said
Monday they've agreed to combine.
The pair said in a joint statement that the combination will allow them to drive more orders to restaurants and better their business to corporate clients. Seamless has traditionally focused more on business catering customers while GrubHub's business aimed more at individuals.
The deal will also allow them to share and expand technology, they said, including Seamless' iPad application and GrubHub's real-time food tracker feature "Track Your Grub."
When combined, they will provide a food order site featuring more than 20,000 restaurants in 500 cities across the U.S. and U.K.
Financial terms of the deal weren't disclosed. Last year, Seamless and GrubHub transactions accounted for about $875 million in food sales to restaurants, providing combined revenue of more than $100 million.
The combined company's name and marketing brands are expected to be determined after the deal gets approved by regulators.
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