Yelp (NYSE: YELP ) is about to add a new asset to its portfolio. The company announced that is has inked an agreement to acquire SeatMe, which Yelp describes as "an exciting tech start-up that has developed a web and app-based solution to enable online reservations for restaurants and nightlife locations." The terms of the deal were not disclosed.
In the press release heralding the news, Yelp waxed enthusiastic about the potential synergies of the acquisition. It said that "we can further enhance the consumer experience by extending the convenience of easy, online reservations directly through Yelp to thousands of currently unserved businesses."