Par

PAR Technology is a provider of POS, inventory, procurement, document, property and workforce management solutions for the hospitality industry. Read more

400 Followers on Owler
400 Followers on Owler
400 Followers on Owler
400 Followers on Owler

Par

PAR Technology is a provider of POS, inventory, procurement, document, property and workforce management solutions for the hospitality industry. Read more

Savneet Singh's photo - President & CEO of Par

President & CEO

Savneet Singh

CEO Approval Rating

99/100

Founded:

1968

Status:

PublicIndependent CompanyNYSEPAR

PAR TOP COMPETITORS OR ALTERNATIVES

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Missing a competitor? Contribute!

SkyTouch is Par's #1 competitor. SkyTouch was founded in Scottsdale, Arizona} in 2013. SkyTouch operates in the Hospitality industry. Compared to Par, SkyTouch generates $172.3M less revenue.

Agilysys is one of Par's top competitors. Agilysys was founded in 1963 in Alpharetta, Georgia. Like Par, Agilysys also competes in the Internet Software industry. Agilysys generates $73.3M less revenue than Par.

IQware is a top competitor of Par. IQware was founded in 1984, and is headquartered in Greenwood Village, Colorado. IQware operates in the Application Software industry. IQware generates $173.8M less revenue vs. Par.

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Par Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$213.8M

Par's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 247M. Over the last four quarters, Par's revenue has grown by 6.9%. Specifically, in Q4 2020's revenue was $58.5M; in Q3 2020, it was $54.8M; in Q2 2020, it was $45.7M; in Q1 2020, Par's revenue was $54.7M.

Par Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Punchh, Inc.

Apr 2021

Source »
$500M
Punchh is a California-based customer loyalty platform for restaurants and retailers that uses AI to provide omnichannel, personalized customer engagement.
Restaurant Magic

Nov 2019

Source »
$42M
Restaurant Magic develops restaurant back-office software that provides food management, employee scheduling, and enterprise analytics solutions.

-

Drive Thru Communications Systems Business, 3M

Sep 2019

Source »
undisclosed
-

These are all the companies that Par has acquired. Par has acquired 3 companies and its latest acquisition was Punchh, Inc. in Apr 2021. Punchh is a California-based customer loyalty platform for restaurants and retailers that uses AI to provide omnichannel, personalized customer engagement.

Par Funding History

No recent funding data found related to Par

Par Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

CoachHub is an online digital coaching platform that offers qualification screening and leadership skill development solutions for individuals.
$4M
Dec 10, 2019
Series A
-
LemonBox manufactures and distributes vitamins and dietary supplements.
$2M
Dec 12, 2018
Equity
-
Wallarm is a provider of an AI-powered application protection and security solutions for websites.
$8M
Oct 21, 2018
Series A
-
October is a peer-to-peer lending marketplace that provides capital solutions for small and medium-sized businesses
$37M
Jun 03, 2018
Equity
-
Maze develops a web-based platform that allows developers to test prototypes.
$472.3K
May 16, 2018
Seed
-

These are all the companies that Par has invested in. Par has invested 3 companies and its latest investment was Punchh, Inc. in Apr 2021. Punchh is a California-based customer loyalty platform for restaurants and retailers that uses AI to provide omnichannel, personalized customer engagement.

Par News

April 14, 2021MarketScreener

Culver's Selects PAR Technology's Brink POS Cloud-Based Software for All Its Locations

(marketscreener.com) ParTech, Inc. , a leading global provider of point of sale software and integrat... See more »
April 14, 2021CNBC

Par Technology could be a dominant force after $500 million acquisition, Panera founder says

Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up about 25%... See more »
April 9, 2021Verdict Foodservice

Restaurant tech company PAR acquires Punchh for $500m

Restaurant tech company PAR Technology has acquired Punchh, which offers loyalty and guest engagement... See more »
April 9, 2021Markets Insider

Panera Bread founder Ron Shaich explains why he led a $500 million acquisition of Taco Bell loyalty platform Punchh

Ron Shaich's $160 million investment is among a string of high-profile purchases or investments made ... See more »
April 9, 2021The Business Journals: San Francisco Business Times

San Mateo retail, restaurant loyalty tech startup Punchh sold for $500M

The sale of a 10-year-old customer loyalty startup and 13 fundings top Bay Area venture and startup n... See more »
April 8, 2021Silicon Valley Daily

Punchh Bought for $550 Million

PAR Technology Corporation, a NY-based provider of restaurant software, announced that it has acquire... See more »
April 8, 2021PYMNTS

PAR Buys Punchh For More Dominance In ResTech Industry

PAR Technology, which provides restaurant software, has acquired Punchh, which works in loyalty and g... See more »

Par Blogs

April 5, 2018PAR Technology Blog

4 Top Reasons to Attend RLC

 ... See more »
April 4, 2018PAR Technology Blog

Sense and Sensor-ability

The Internet of Things (IoT) is no longer in the realm of science fiction; it’s as pervas... See more »
April 3, 2018PAR Technology Blog

Need To Calm An Angry Customer? “PIC” Your Battle

The highlight of the Customer Service Workshops I deliver to small businesses across Nort... See more »
April 2, 2018PAR Technology Blog

3 reasons to visit MURTEC 2018!

The MURTEC tradeshow is approaching fast and we are looking forward to connecting to many... See more »
March 28, 2018PAR Technology Blog

Cashless? Does it make sense for your restaurant?

Are you ready to banish the bills and spare the spare change? Many restaurants have alrea... See more »
March 26, 2018PAR Technology Blog

Food Safety Monitoring is a Class Act

We all went to school to learn reading, writing and arithmetic. Some of us moved on to co... See more »
March 22, 2018PAR Technology Blog

3 Questions to ask when choosing a Tablet POS

Tablet POS systems are a form of smart technology being rapidly adopted by the restaurant... See more »

Par Press Releases

March 25, 2021Business Wire

PAR Technology Announces Newest Brink POS Integration Partner Odyssey Technologies, Inc. - Developer of Remote Eyes

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. ("PAR"), a leading global provider of point of sal... See more »
March 15, 2021StreetInsider

PAR Technology Corporation Announces Fourth Quarter and Full Year 2020 Results

New Brink Bookings in Q4 = 1,525 a 67% YoY increase from Q4 19 Total Company Revenues increased 10.6%... See more »
January 12, 2021Business Wire

Worldwide Point-of-Sale Applications in Quick-Service/Fast-Casual Restaurants 2020-2021

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. ("ParTech"), a leading global provider of point of... See more »
December 14, 2020GlobeNewswire

Mobivity and ParTech Partner to Accelerate Digital Transformation for Brands

Brink POS Integrates with Mobivity's Recurrency to Deliver Actionable Insights and Power 1:1 Digital ... See more »
March 24, 2020Business Wire

PARTechnologyCorporationSubsidiary--PARGovernmentSystemsIntroducesCommercialVersionofGV3.0GeospatialViewingApplication

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Government Systems ("PAR Government"), a provider of geospat... See more »
March 2, 2020Business Wire

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2019 Fourth Quarter & Year End Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it w... See more »
November 7, 2019Business Wire

PAR Technology Corporation Announces 2019 Third Quarter Results and Announces Plans to Acquire Industry Leading Restaurant Backoffice Software Provider - Restaurant Magic

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "... See more »

Par Videos

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Par Headquarters

8383 Seneca Turnpike

New Hartford, New York13413

800-448-6505

Driving Directions »

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Par Summary

ABOUT

Overview

PAR Technology is a provider of POS, inventory, procurement, document, property and workforce management solutions for the hospitality industry. Par was founded in 1968. Par's headquarters is located in New Hartford, New York, USA 13413. Par's latest ...

CEO

Par's President & CEO, Savneet Singh, currently has an approval rating of 99%. Par's primary competitors are SkyTouch, Agilysys & IQware.

Website

partech.com

Frequently Asked Questions about Par

  1. When was Par founded?

    Par was founded in 1968
  2. Who is Par's CEO?

    Par's CEO is Savneet Singh
  3. How much revenue does Par generate?

    Par generates $213.8M in revenue
  4. How much funding does Par have?

    Par has historically raised $0 in funding
  5. Where is Par's headquarters?

    Par's headquarters is in New Hartford New York, USA
  1. How many employees does Par have?

    Par has 1,000 employees
  2. What sector does Par operate in?

    Par is in Internet Software
  3. Who are Par's competitors?

    Par's top competitors are SkyTouch, Agilysys, IQware
  4. Who has Par invested in?

    Par's has invested in companies such as CoachHub, LemonBox, Wallarm