PAR Technology Acquires Delaget, Bolstering Restaurant Analytics
NEW HARTFORD, N.Y. — PAR Technology Corporation (NYSE: PAR), a global foodservice technology company, has announced the acquisition of Delaget, LLC, a leading provider of restaurant analytics and business intelligence solutions. The transaction, which closed on December 31, 2024, is expected to significantly enhance PAR’s capabilities in providing data-driven insights to restaurant operators.
The acquisition, valued at $132.0 million, was primarily paid in 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. This immediate expansion of PAR’s reach and offerings is expected to generate substantial value.
“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, while offering immediate value to our customers through enhanced back-office capabilities, delivery operations, and data-driven insights.”
Key Strategic Benefits
The acquisition strategically aims to:
- Enhance PAR’s Operator Cloud solution.
- Accelerate the refinement of the PAR Data Platform, unifying data across restaurant tech stacks.
- Provide comprehensive guest and operational insights to improve restaurant profitability, loss prevention, and streamline operations.
Jason Tober, Chief Executive Officer of Delaget, expressed enthusiasm about joining forces with PAR Technology, stating, “Our shared vision for transforming restaurant operations through data insights… will allow us to deliver even greater outcomes to our customers.”
Acquisition Details
Under the definitive agreement, PAR acquired 100% of Delaget’s equity interests. Further details about the acquisition can be found in PAR’s filings with the Securities and Exchange Commission. PAR is optimistic about the integration, with the transaction expected to bring about synergistic value by combining Delaget’s current analytics capabilities with its existing Operator Cloud solution within the PAR ecosystem.
