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Chicago & Midwest  + Downtown  + Hospitality  | 

Chicago-Based Tock Trades to Squarespace for $400M

Chicago-based Tock, a cloud-based platform serving the hospitality industry, has been acquired by Squarespace for more than $400 million in a mix of cash and stock. Nick Kokonas, Tock founder and CEO, said via Twitter that he’ll remain CEO.

“E-commerce within the restaurant and hospitality industries is a large and growing market opportunity,” said Anthony Casalena, founder and CEO. Of New York City-based Squarespace. “I’ve long admired Tock’s vision to reimagine how reservation-based businesses connect with their customers.

“We believe that together we will continue building on their success, bringing Tock’s capabilities to our all-in-one product suite in service of our customers in the hospitality industry and beyond,” he continued.

Launched in 2014 by Kokonas, co-owner and co-founder of the Alinea Group, Tock powers reservations, table management, carryout operations, and events for more than 7,000 hospitality operators ranging from neighborhood pizzerias to Michelin-starred destinations, wineries, and pop-ups in 30 countries.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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