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Stock impact report

PAR Technology fuels software strategy with acquisitions [Yahoo! Finance]

PAR Technology Corporation (PAR) 
Last par technology corporation earnings: 3/12 04:05 pm Check Earnings Report
US:NYSE Investor Relations: partech.com/about-us/investors
Company Research Source: Yahoo! Finance
PAR Technology got its start as a defense contractor in the 1960s offering analytics services, but today the company has transformed into a software service provider for major restaurant chains. The publicly-traded company's management team, led by CEO Savneet Singh, has transitioned the company away from selling point-of-sale hardware to offering software for restaurants' customer sales and payments. Acquisitions have fueled the company's strategy shift. PAR Technology, based in New Hartford, New York, sold its former government contracting business last June, and has made six acquisitions in six years to extend its reach in the software business. Most recently, PAR Technology bought St. Louis Park, Minnesota-based restaurant data analytics company Delaget for $132 million in December. “Our entire thesis is to acquire the products that enterprise restaurants need and stitch them together in a really tight fashion so that they can have a better, more unified experience for thei Show less Read more
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