NEW HARTFORD, N.Y. – PAR Technology Corporation (NYSE: PAR), a global company specializing in foodservice technology, has announced its acquisition of Delaget, LLC, a prominent provider of restaurant analytics and business intelligence solutions.
Founded in 2001, Delaget currently serves over 30,000 restaurant locations, with more than 125 brands among its customers. These include 40 of the top 50 North America-based restaurant concepts. Delaget’s platform provides data analytics, loss prevention tools, and operational insights, helping restaurant operators streamline their operations and improve their profitability.
Savneet Singh, PAR Technology’s Chief Executive Officer and President, commented on the acquisition: “The acquisition of Delaget marks another strategic milestone in PAR’s mission to build the industry’s most comprehensive food service platform. Delaget’s analytics capabilities perfectly complement our Operator Cloud solution, while offering immediate value to our customers through enhanced back-office capabilities, delivery operations, and data-driven insights. Our combination will help restaurant operators make better decisions, reduce costs, and drive operational excellence all in real-time. Access to the Delaget product suite will accelerate development timeframes of the PAR Data Platform, a major initiative that unites data across a restaurant’s tech stack to provide unparalleled guest and operational insights.”
Jason Tober, Chief Executive Officer of Delaget, added, “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. As part of PAR Technology, we will bring our platform and solutions to even more businesses across the globe and provide an open integration platform that best serves top restaurant operators and brands.”
Transaction Details
Under the terms of the agreement, PAR acquired 100% of Delaget’s outstanding equity interests. The consideration for this acquisition was $132.0 million, principally paid in shares of PAR common stock, subject to adjustments for cash, indebtedness, and net working capital. Further details regarding the acquisition are available in PAR’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 2, 2025.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of federal securities laws. These statements are based on management’s current expectations and assumptions that are subject to a variety of risks and uncertainties which are beyond the company’s control. PAR Technology’s actual results could differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include potential business uncertainties relating to PAR Technology’s acquisition of Delaget, including possible disruptions to PAR Technology’s business and operational relationships and its ability to achieve anticipated synergies; risks and uncertainties related to the cost, timing, and complexity of integration; as well as, but not exclusively, the risks and uncertainties discussed in PAR Technology’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other filings with the Securities and Exchange Commission.
About Delaget™
Delaget is a leader in restaurant data solutions and is recognized for its intuitive solutions, industry knowledge, and customer service. Delaget serves over 30,000 restaurants and top brands, including Taco Bell, KFC, Pizza Hut, IHOP, and Burger King. For more information, visit delaget.com or connect on LinkedIn.
About PAR Technology
For over four decades, PAR Technology Corporation (NYSE: PAR) has been a key innovator in foodservice technology. They offer a comprehensive suite of software and hardware solutions, including point-of-sale systems, digital ordering, loyalty programs, back-office management, and payment solutions, serving a diverse range of clients across over 110 countries. PAR Technology strives to deliver unified solutions that drive customer engagement, efficiency, and growth. Learn more at partech.com or connect with them on LinkedIn, X (formerly Twitter), Facebook, and Instagram.
