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 deal, finalized recently, aims to bolster PAR Technology’s comprehensive platform for the foodservice industry.
Founded in 2001, Delaget serves over 30,000 restaurant locations, with a client base that includes 125+ brands, notably 40 of the top 50 North America-based restaurant concepts. The company’s platform provides critical data analytics, loss prevention tools, and operational insights. This assists restaurant operators in streamlining their operations and thereby improving their profitability.
Savneet Singh, PAR Technology’s Chief Executive Officer and President, commented on the acquisition, stating, “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.”
He added, “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.”
“Joining forces with PAR Technology represents an exciting new chapter for Delaget’s customers and employees,” said Jason Tober, Chief Executive Officer of Delaget.
Tober continued, “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 the acquisition totaled $132.0 million, predominantly paid in shares of PAR common stock, and subject to adjustments based on cash, indebtedness, and net working capital. Additional details of the transaction can be found in PAR’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on January 2, 2025.
This press release contains “forward-looking statements” within the meaning of federal securities laws. These statements are not historical facts but are projections of PAR Technology’s future operations, financial condition, and business strategies. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “expect,” “intend,” and similar expressions. These statements are based on current management expectations and are subject to many risks and uncertainties, many of which are outside of PAR Technology’s control. Actual results may differ materially from those included in these forward-looking statements, including those related to the acquisition of Delaget, integration risks, and the risks detailed in PAR Technology’s filings with the Securities and Exchange Commission.
About Delaget™
Delaget has established itself as a leading innovator in restaurant data solutions, known for its intuitive solutions, industry knowledge, and customer service. The company provides services to over 30,000 restaurants and top brands, including Taco Bell, KFC, Pizza Hut, IHOP, and Burger King. For further information about Delaget’s reporting and analytics solutions, visit delaget.com or connect on LinkedIn.
About PAR Technology
For over four decades, PAR Technology Corporation (NYSE: PAR) has been at the forefront of technology innovation in the foodservice industry. The company aims to help businesses improve guest experiences. Its suite of software and hardware includes point-of-sale systems, digital ordering platforms, loyalty programs, back-office management tools, and payment solutions, serving a diverse range of hospitality and retail clients in over 110 countries. Emphasizing a “Better Together” approach, PAR Technology provides unified solutions that drive customer engagement, efficiency, and growth. Visit partech.com or connect on LinkedIn, X (formerly Twitter), Facebook, and Instagram to learn more.
