Foster City, CA — May 7, 2007 — The online marketplace Rearden Commerce Inc. has introduced what it is calling a corporate Total Dining Experience. Use Rearden's Web 2.0 platform, the Total Dining Experience mashes up content and functionality from dining industry leaders such as OpenTable, Zagat, Gayot, Wcities and Rewards Network, along with geographic information from Google Maps and Maponics, to deliver a dining reservations and cost management solution.
Rearden's Total Dining Experience, which is integrated with other Rearden travel and entertainment services, enables corporations to communicate dining policies and guide employees to preferred, in-policy restaurants. Using Rearden Commerce's Web-based personal assistant, employees can use the service to find and compare restaurants by cuisine, cost, location and quality ratings; book reservations; invite guests to meals; and send confirmations to their Microsoft Outlook or Lotus Notes calendar.
"Leveraging Web 2.0 capabilities, Rearden saves employees time by bringing together the best dining content and functionality the Web has to offer into a one-stop dining service," commented Aaron Greco, vice president of Product Management for Rearden Commerce. "Finding and booking the perfect restaurant has never been so easy."
As part of the announcement, Rearden Commerce also unveiled its partnership with Rewards Network, a provider of marketing services and loyalty programs to the restaurant industry. The new relationship enables Rearden Commerce's corporate customers to earn rebates of up to 10 percent by guiding employees to Rewards Network member restaurants.
Dining amounts to nine percent of the average company's travel and entertainment spend, according to PhoCusWright, an independent travel, tourism and hospitality research firm. "In addition to improving employees' productivity around dining logistics, the Rearden Dining Experience enables corporations to better control a major category of previously unmanaged spend. We have some Fortune 100 customers that spend more on dining than they do on air travel. They are thrilled that the Total Dining Experience will help them communicate dining policies and earn negotiated rebates on employee dining spend," said Greco.
Rearden's said its Total Dining Experience combines a broad range of dining content, search and reservation functionality with the ability to easily define and manage policy across organizations of any size. Features of the Total Dining Experience include online reservations powered by OpenTable, and the ability to compare dining options at more than 25,000 restaurants based on availability, cuisine, cost, location and ratings; rebates of up to 10 percent on employee dining from thousands of restaurants participating in the Rewards Network program; calendar coordination, automatically placing reservation details into the user's Microsoft Outlook or Lotus Notes calendar; and policy setting and management, enabling travel and procurement managers to easily define and manage dining policies based on employee role, restaurant cost rating, or other key parameters.
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