Draft:PAR Technology

= PAR Technology Corporation =

PAR Technology Corporation is an American B2B technology company providing software and hardware solutions for the hospitality industry. The company is headquartered in New Hartford, New York and is traded on the New York Stock Exchange.

History
PAR Technology Corporation was co-founded in 1968 by John W. Sammon and Charlie Constantino,. initially focusing on developing systems for the US Department of Defense. Over the decades, PAR shifted its focus to the hospitality industry, supplying point of sale (POS) systems and other technology solutions.

In 2005, PAR Technology expanded into restaurant software by acquiring PixelPoint Technologies, a company specializing in restaurant POS software. The acquisition of Brink Software in 2014 marked a milestone for PAR Technology, introducing a cloud-based POS system into PAR's portfolio.

Since 2018, under the leadership of Savneet Singh PAR Technology has focused on expanding its software offerings through acquisitions. Key acquisitions include Restaurant Magic in 2019, which brought back-office management solutions, and Punchh, an AI-driven digital loyalty platform, in 2021.

In 2024, PAR Technology divested its government business segment to concentrate on its core restaurant and hospitality technology sectors.