PAR Technology Corporation Acquires Delaget
NEW HARTFORD, N.Y.–(BUSINESS WIRE)–PAR Technology Corporation (NYSE: PAR), a global foodservice technology company, has acquired Delaget, LLC, a leading provider of restaurant analytics and business intelligence solutions. The transaction was completed on December 31, 2024.
Delaget, founded in 2001, serves over 30,000 locations across 125+ brands, including 40 of the top 50 North America-based restaurant concepts. Their comprehensive platform offers data analytics, loss prevention, and operational insights to help restaurant operators streamline operations and improve profitability.
“The acquisition of Delaget marks another strategic milestone in PAR’s mission to build the industry’s most comprehensive food service platform,” said Savneet Singh, PAR Technology’s Chief Executive Officer and President. “Delaget’s analytics capabilities perfectly complement our Operator Cloud solution, offering immediate value to our customers through enhanced back-office capabilities, delivery operations, and data-driven insights.”
Jason Tober, Chief Executive Officer of Delaget, commented, “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, combined with PAR Technology’s scale and industry leadership, will allow us to deliver even greater outcomes to our customers.”
Under the terms of the definitive agreement, PAR acquired 100% of Delaget’s outstanding equity interests for $132.0 million, primarily paid in shares of PAR common stock. Further details about the acquisition are available in PAR’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 2, 2025.
This acquisition is expected to enhance PAR Technology’s Data Platform initiative, which aims to unite data across a restaurant’s tech stack to provide unparalleled guest and operational insights. The integration of Delaget’s platform is anticipated to accelerate development timeframes and offer more comprehensive solutions to restaurant operators.
About Delaget
Delaget is recognized as a top innovator in restaurant data solutions, trusted by 30,000+ restaurants and top brands such as Taco Bell, KFC, and IHOP. For more information, visit delaget.com.
About PAR Technology
PAR Technology Corporation has been at the forefront of technology innovation in foodservice for over four decades. The company offers a comprehensive suite of software and hardware solutions, including point-of-sale, digital ordering, and back-office management, serving clients across more than 110 countries. To learn more, visit partech.com.
