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PAR Technology Expands Executive Team with New CPTO
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
PAR Technology Corporation (NYSE: PAR) has appointed Raju Malhotra as Chief Product & Technology Officer. Previously the CPTO at Punchh Inc., which was acquired by PAR in April 2021, he brings over 20 years of experience from companies like Salesforce and Microsoft. The newly created role aims to enhance PAR's unified commerce cloud platform amidst growth in the hospitality industry. CEO Savneet Singh praised Malhotra's accomplishments and leadership skills, fueling expectations for innovation in restaurant technology.
Positive
Appointment of Raju Malhotra as Chief Product & Technology Officer to drive innovation.
Malhotra's extensive experience in software development enhances PAR's leadership team.
Position bolsters PAR's commitment to revolutionizing restaurant technology.
Negative
None.
Raju Malhotra, Former Chief Product and Technology Officer at Punchh Inc.
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--
PAR Technology Corporation (“PAR”), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants, today announced that Raju Malhotra has been named Chief Product & Technology Officer (CPTO)of PAR Technology Corporation. Mr. Malhotra was formerly the CPTO at Punchh Inc., which was acquired by PAR in April 2021.
“We’re honored to appoint Raju as CPTO of PAR. Raju’s background is beyond impressive and in our short while working together, he’s exceeded all expectations,” said Savneet Singh, CEO of PAR Technology. “We could not be happier to welcome Raju aboard as we continue to revolutionize how restaurant technology meets the needs of our customers. Raju will lead the connection and development of the PAR platform, as we remain a strong ally to the restaurant industry by bringing together disparate solutions, products and integrations.”
Malhotra brings more than 20 years of leadership experience in software product development at Salesforce, Microsoft and many high-growth startups including Punchh. Prior to Punchh, Malhotra was Senior Vice President and GM for Marketing Cloud at Salesforce and Chief Product & Technology Officer at Khoros. He joined Khoros from Conversant, acquired by Publicis Groupe, where he led the development of an industry-leading personalization platform for digital marketers. He has an undergraduate degree in Computer Engineering from National Institute of Technology, Kurukshetra (India) and an MBA from the Wharton School of Business at the University of Pennsylvania.
“I am excited to join PAR Technology at this time of unprecedented growth in the hospitality industry. The pandemic has forever raised guest expectations. I look forward to helping the leading brands serve their guests using PAR products & its unified commerce cloud to streamline their operations and deliver unparalleled experiences,” said Malhotra.
This is a newly created role for PAR Technology to scale its unified commerce cloud. In this capacity, Mr. Malhotra will report directly to Savneet Singh, President & CEO of PAR Technology Corporation and will be based out of the Silicon Valley office.
ABOUT PAR TECHNOLOGY CORPORATION For more than 40 years, PAR’s (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PAR’s restaurant hardware, software, drive-thru, and back-office solutions. With the recent acquisition of Punchh Inc., a leading SaaS based customer loyalty and engagement solutions provider, PAR has become a Unified Commerce Cloud Platform for Enterprise Restaurants. To learn more, visit www.partech.com or connect with us on LinkedIn, Twitter, Facebook, and Instagram.
Who is Raju Malhotra in relation to PAR Technology Corporation?
Raju Malhotra has been appointed as the Chief Product & Technology Officer of PAR Technology Corporation.
What was Raju Malhotra's previous position before joining PAR Technology?
He was the Chief Product & Technology Officer at Punchh Inc., which was acquired by PAR in April 2021.
What does the appointment of Raju Malhotra signify for PAR Technology?
His appointment signifies a strategic move to enhance the development of PAR's unified commerce cloud platform.
What is PAR Technology Corporation's focus in the restaurant industry?
PAR Technology focuses on providing a unified commerce cloud platform to streamline operations and enhance guest experiences in the restaurant industry.
When was Punchh Inc. acquired by PAR Technology Corporation?
Punchh Inc. was acquired by PAR Technology Corporation in April 2021.
What are Raju Malhotra's qualifications?
Raju Malhotra holds an undergraduate degree in Computer Engineering and an MBA from Wharton School of Business.
