PAR Technology Acquires Delaget, Boosting Restaurant Tech Capabilities
NEW HARTFORD, N.Y. — PAR Technology Corporation (NYSE: PAR), a global foodservice technology company, announced today that it has acquired Delaget, LLC, a leading provider of restaurant analytics and business intelligence solutions. The acquisition, which closed on December 31, 2024, is part of PAR’s strategy to build a more comprehensive platform for the restaurant industry.
The deal was valued at $132 million and primarily paid in shares of PAR common stock.
Delaget serves over 30,000 restaurant locations and more than 125 brands, including 40 of the top 50 North America-based restaurant concepts. Its platform provides data analytics, loss prevention, and operational insights designed to help restaurant operators improve profitability and streamline operations.
Savneet Singh, CEO and President of PAR Technology, stated, “The acquisition of Delaget marks another strategic milestone in PAR’s mission to build the industry’s most comprehensive food service platform… Our combination will help restaurant operators make better decisions, reduce costs, and drive operational excellence all in real-time.”
Strategic Benefits
This acquisition aims to:
- Enhance PAR’s Operator Cloud solution.
- Accelerate the development of the PAR Data Platform, which unifies data across restaurant tech stacks to provide comprehensive guest and operational insights.
Jason Tober, CEO of Delaget, commented on the partnership: “Joining forces with PAR Technology represents an exciting new chapter for Delaget’s customers and employees… Our shared vision for transforming restaurant operations through data insights… will allow us to deliver even greater outcomes to our customers.”
PAR Technology’s acquisition of Delaget expands its reach within the restaurant technology sector, tapping into the rapidly growing market for data analytics and business intelligence solutions.
