Welcome to our dedicated page for Par Technology news (Ticker: PAR), a resource for investors and traders seeking the latest updates and insights on Par Technology stock.
PAR Technology Corporation (NYSE: PAR) delivers innovative solutions for restaurant and government sectors through its cloud-based platforms and specialized hardware. This news hub provides investors and industry professionals with essential updates on the company's strategic developments.
Access comprehensive coverage of earnings announcements, product innovations, and government contract milestones. Track PAR's progress in digital ordering systems, point-of-sale advancements, and federal IT projects through verified press releases and financial disclosures.
Our curated collection includes updates on restaurant technology partnerships, retail system enhancements, and defense sector engagements. Stay informed about subscription model expansions and hardware deployments that drive PAR's growth across multiple markets.
Bookmark this page for ongoing access to operational intelligence updates, leadership changes, and market positioning moves from a company shaping modern hospitality and government tech infrastructure.
PAR Technology Corporation (NYSE: PAR) has acquired Punchh Inc. for approximately $500 million in cash and stock. This strategic acquisition aims to create a unified commerce cloud platform for enterprise restaurants, integrating point-of-sale, back office, and guest engagement solutions. CEO Savneet Singh highlighted the acquisition's potential to streamline operations and enhance restaurant-guest relationships. Pro-forma estimates indicate a combined annual recurring revenue (ARR) of $65 million by year-end 2020. The deal was financed through equity and debt, including a $160 million common stock sale.
PAR Technology Corporation announces the integration of Deliverect into its Brink POS® system, aimed at enhancing online order management for restaurants. This integration streamlines order processing from various platforms, enhancing operational efficiency and potentially boosting restaurant revenue. Deliverect has processed over 25 million orders globally, lowering order errors by 80% and increasing restaurant revenue by 25%. The collaboration supports over 100,000 restaurants worldwide, making the ordering process smoother for both operators and customers.
ParTech, Inc. (PAR), a leading provider of POS and back-office software for the restaurant sector, has integrated Odyssey Technologies’ Remote Eyes video management software into its Brink POS ecosystem. This software enables restaurant owners to monitor transactions in real-time, enhancing loss prevention and operational efficiency. With employee theft impacting 75% of inventory shortages in restaurants, this partnership aims to provide critical tools for minimizing theft and liability, ultimately improving customer experience and safeguarding profit margins.
PAR Technology Corporation (NYSE: PAR) will participate in the Sidoti Spring 2021 Virtual Conference on March 24-25, 2021. CEO Savneet Singh is scheduled for a fireside chat on March 24 at 11:30 a.m. ET, with a live webcast available on the company's investor relations page. Additionally, Singh will hold virtual one-on-one meetings with registered investors and analysts. PAR Technology provides POS software and solutions, serving over 100,000 restaurants globally.
PAR Technology Corporation (NYSE: PAR) reported a strong Q4 2020 with revenues of $58.5 million, a 10.6% increase year-over-year. However, the GAAP net loss widened to $13 million, or $0.60 per share, compared to a loss of $5.8 million in Q4 2019. For the full year, revenues rose 14.2% to $213.8 million, while the GAAP net loss increased to $36.6 million, or $1.92 per share. Q4 saw record bookings of 1,525 for the Brink platform, with 885 new installations. CEO Savneet Singh emphasized continued investments in growth despite pandemic challenges.
PAR Technology Corporation (NYSE: PAR) is set to participate in the 33rd Annual ROTH Conference. CEO Savneet Singh will hold virtual one-on-one meetings with investors and analysts on March 16 and 17, 2021. PAR Technology, through its subsidiary ParTech, provides point of sale software and integrated solutions to over 100,000 restaurants globally. The company's technology enhances operational efficiency for various restaurant types. Additionally, PAR's Government segment offers technical services to federal agencies.
PAR Technology Corporation (NYSE:PAR) will report its fourth quarter financial results on March 15, 2021, at 4:00 p.m. ET. The report will be followed by an investor presentation and conference call at 4:30 p.m. ET featuring CEO Savneet Singh, CFO Bryan Menar, and VP Christopher Byrnes. Investors can participate by calling 844-419-5412 or online via the company's investor page. An archived version of the call will be available after 7:30 p.m. on March 15 for one week. PAR Technology serves over 100,000 restaurants globally with its POS solutions.
ParTech, Inc. (PAR) partners with Lunchbox to enhance its Brink POS platform with innovative digital ordering solutions aimed at restaurants. This collaboration enables direct guest engagement through personalized apps, marketing tools, and kiosks, streamlining online orders while retaining customer relationships. Restaurants using Lunchbox's services have reported sales growth of up to 30%, benefiting from reduced reliance on third-party apps. Lunchbox, launched in 2019, has quickly gained traction in the industry, appealing to high-profile restaurants and enhancing PAR's technology ecosystem.
ParTech, Inc. (PAR) has launched Datable Lab, a new Learning Management System (LMS) integrated with its DATA CENTRAL® training platform for restaurant operators. This cloud-based system serves over 5,000 restaurant locations with tools for inventory, labor, and management analytics. The LMS aims to streamline employee training by providing tailored courses, enhancing user understanding and critical thinking. Completing the training offers certification in DATA CENTRAL. General Manager Erynn Kirshner highlights the system's potential to expedite onboarding and improve employee education.
ParTech (PAR), a global provider of POS software, has integrated with i3 International, a provider of AI video solutions, enhancing its Brink POS® ecosystem. This collaboration allows restaurants to utilize video data alongside POS transaction details, improving operational efficiency, reducing wait times, and increasing sales. i3's technology addresses challenges faced by Quick Service Restaurants (QSR) with high turnover rates and safety concerns, particularly highlighted by the pandemic's impact on service speed.
