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PAR Technology Corp. - PAR STOCK NEWS

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) has been a significant player in the technology sector for over 30 years, primarily serving the hospitality and government markets. The company operates through two main segments: Restaurant/Retail and Government. The Restaurant/Retail segment offers advanced point-of-sale and management technology solutions, including both hardware and software, designed to streamline operations for a wide array of food service providers, from large international chains to independent restaurants. PAR's solutions also extend to retailers, cinemas, cruise lines, stadiums, and various food service companies.

The Government segment, on the other hand, specializes in providing computer-based system design, engineering, and technical services to the Department of Defense and various federal agencies. This segment recently attracted significant attention with the planned sale of its Government business unit, which includes subsidiaries PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC), for $102 million to NexTech Solutions (NTS). This strategic move marks a substantial reorientation for PAR as it focuses more on its core hospitality technology offerings.

Financially, PAR Technology Corporation derives the majority of its revenue from its Restaurant/Retail segment, indicating a strong market presence and demand for its technology solutions. The company continually evolves its product offerings to meet the changing needs of its diverse client base, ensuring it remains at the forefront of the industry.

Visit www.partech.com for more information.

News

Beef ‘O’ Brady’s Selects PAR Technology’s MENU & Punchh to Boost Omnichannel Ordering and Loyalty Capabilities

Rhea-AI Summary
Beef ‘O’ Brady’s partners with PAR Technology to enhance omnichannel ordering and loyalty capabilities, utilizing PAR MENU and Punchh. The collaboration aims to streamline operations, drive revenue growth, and elevate customer engagement through advanced features and seamless integration.
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PAR Technology’s Data Central® Selected as the Exclusive Provider of Food and Inventory Management Across Love's Travel Stops

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PAR Data Central chosen as the exclusive Enterprise Food Management Solution provider for Love's Brands, enhancing back-office operations and customer experience. The implementation aims to streamline processes, optimize food cost tracking, and centralize operational efficiency across a diverse portfolio of renowned brands.
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PAR Punchh® Partners with Attentive on SMS Marketing Capabilities for Restaurant Loyalty Programs

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ParTech, Inc. (PAR) announces a new partnership between PAR Punchh® and Attentive, enhancing restaurant customer engagement through SMS marketing. The integration aims to boost loyalty acquisition, increase revenue, and improve customer communication.
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0.73%
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PAR Technology’s Punchh® Selected as Loyalty Platform Provider for Wendy’s

Rhea-AI Summary
ParTech, Inc. (PAR) partners with Wendy's to enhance its loyalty program using PAR Punchh's AI-driven platform and loyalty expertise. Wendy's aims to offer targeted promotions and gamified experiences to improve customer engagement across its 6,500 locations in the US and Canada.
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A&W Restaurants Selects PAR Technology’s Data Central® to Propel Growth

Rhea-AI Summary
PAR Technology's Data Central Enterprise Reporting and Analytics solution is adopted by A&W Restaurants, showcasing a commitment to innovation and operational efficiency. The partnership aims to drive growth, optimize operations, and enhance customer experiences in the restaurant industry.
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PAR Technology Corporation Announces Strategic Acquisitions to Expand Global Vision, Extend Unified Commerce Offerings and Accelerate Drive Towards Profitability

Rhea-AI Summary
PAR Technology Corporation announces acquisitions of TASK Group and Stuzo Holdings, expanding its unified commerce software offerings globally. The acquisitions are financially accretive and aim to enhance PAR's leadership in the foodservice and retail industries.
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PAR Technology Corporation Announces Fourth Quarter and Full Year 2023 Results

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PAR Technology Corporation (PAR) reported a 10.3% increase in quarterly revenues and a 16.9% increase in annual revenues for the year ended December 31, 2023. The Annual Recurring Revenue (ARR) grew to $136.9 million, marking a 22.8% increase from the previous quarter. Despite the revenue growth, the company reported a net loss for both the fourth quarter and the full year. The EBITDA and Adjusted EBITDA also showed losses compared to the previous year.
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PAR Technology Corporation to Present at Upcoming Investor Conferences

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PAR Technology Corporation (PAR) CEO to participate in investor conferences to discuss company's unified commerce solutions for enterprise restaurants.
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Hooters of America, LLC Selects PAR Technology to Redefine Excellence in Table Service

Rhea-AI Summary
PAR Technology's Brink POS and Data Central Inventory Module selected by Hooters to enhance operational efficiency and order accuracy, showcasing commitment to improving table service experience in 367 restaurants across 36 states and 18 countries.
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PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 Fourth Quarter & Year End Financial Results

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PAR Technology Corporation (PAR) is set to announce its fourth-quarter and year-end financial results on February 27, 2024. The results will be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET. CEO Savneet Singh, CFO Bryan Menar, and SVP Christopher Byrnes will provide a business update and answer participant questions. Registration for the call is open, and a webcast will be available on the PAR Technology Investor Relations website.
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Rhea-AI Sentiment
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5.87%
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FAQ

What is the current stock price of PAR Technology (PAR)?

The current stock price of PAR Technology (PAR) is $72.01 as of January 22, 2025.

What is the market cap of PAR Technology (PAR)?

The market cap of PAR Technology (PAR) is approximately 2.7B.

What does PAR Technology Corporation do?

PAR Technology Corporation provides technology solutions for the hospitality and government sectors, including software, hardware, and technical services.

What is the stock symbol for PAR Technology Corporation?

The stock symbol for PAR Technology Corporation is PAR, listed on the New York Stock Exchange.

Which segments does PAR Technology Corporation operate in?

PAR operates in two segments: Restaurant/Retail and Government. The Restaurant/Retail segment provides management technology solutions, while the Government segment offers technical services to federal agencies.

What recent news involves PAR Technology Corporation?

PAR Technology Corporation recently announced the sale of its Government business unit, which includes PAR Government Systems Corporation and Rome Research Corporation, for $102 million to NexTech Solutions.

What kind of technology solutions does PAR offer to the hospitality industry?

PAR provides advanced point-of-sale and management technology solutions, including both hardware and software, to streamline operations for various food service providers.

Where can PAR Technology Corporation’s products be found?

PAR’s products can be found in a variety of settings, including restaurants, retailers, cinemas, cruise lines, stadiums, and food service companies.

What does the recent sale of the Government segment signify for PAR Technology Corporation?

The sale signifies PAR's strategic focus on enhancing its core hospitality technology offerings by divesting its Government business unit.

Who acquired PAR's Government business unit?

NexTech Solutions (NTS) acquired PAR's Government business unit, which includes PAR Government Systems Corporation and Rome Research Corporation.

Where is PAR Technology Corporation headquartered?

The headquarters of PAR Technology Corporation is located in New Hartford, New York.

How can I get more information about PAR Technology Corporation?

You can visit their official website at www.partech.com for more information.
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PAR Technology Corp.

NYSE:PAR

PAR Rankings

#1746 Ranked by Market Cap
N/A Ranked by Dividends

PAR Stock Data

2.75B
37.09M
1.81%
114.13%
12.01%
Software - Application
Calculating & Accounting Machines (no Electronic Computers)
Link
United States of America
NEW HARTFORD