Tock allows restaurants to manage reservations and other services. / Photo courtesy of Tock
Restaurateur Nick Kokonas is leaving Tock, the booking platform he co-founded in 2014 and sold last year to website builder Squarespace for $400 million.
Matthew Tucker, the former president and chief operating officer of online ordering provider Olo, will be Tock’s new chief executive, Squarespace announced on Tuesday. Tucker retired from Olo in January after nine years there.
He will take the reins from Tock as Squarespace looks to invest more in the company.
“We have a tremendous opportunity ahead of us as we continue to deepen and expand our product portfolio for entrepreneurs,” Squarespace Founder and CEO Anthony Casalena said in a statement.
Kokonas is best known as the owner of the Chicago-based gourmet restaurant group Alinea. In 2011, he began experimenting with reservations at one such restaurant, Next, using technologies such as dynamic pricing and prepaid reservations. In 2014, he began marketing his software to other restaurants under the Tock name.
He will resign on January 2.
Tucker, meanwhile, helped grow Olo from a small team of 10 to one of largest and fastest growing restaurant technology companies today.
Tucker “has a proven track record in product development and go-to-market strategies for technology companies,” Casalena said. “We are confident that his deep industry expertise and leadership will undoubtedly help fuel Tock’s future growth.”
Tock allows restaurants to manage reservations as well as events, take-out orders and more. More than 7,000 operators in 30 countries use the system.
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