PAR Technology Corporation Acquires Delaget™
NEW HARTFORD, N.Y.–(BUSINESS WIRE)–PAR Technology Corporation (NYSE: PAR), a leading global foodservice technology company, has completed the acquisition of Delaget, LLC, a prominent provider of restaurant analytics and business intelligence solutions. The transaction was finalized 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 that help restaurant operators streamline their operations and enhance profitability.
“The acquisition of Delaget represents a significant milestone in PAR Technology’s mission to build the industry’s most comprehensive food service platform,” stated Savneet Singh, PAR Technology’s Chief Executive Officer and President. “Delaget’s analytics capabilities perfectly complement our Operator Cloud solution, providing 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 enable us to deliver even greater outcomes to our customers.”
Transaction Details
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. Additional information about the acquisition is available in PAR’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 2, 2025.
This acquisition marks a strategic expansion of PAR Technology’s capabilities in restaurant analytics and back-office operations, aligning with their vision of creating a unified food service platform. The integration of Delaget’s solutions is expected to enhance PAR’s offerings and provide customers with more comprehensive tools to manage their operations effectively.
