PAR Technology acquires Minnesota software company for $132 million

NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) announced it has acquired Delaget LLC, a Minnesota–based provider of restaurant analytics and business-intelligence solutions, in a deal that helps PAR grow its product offerings.

PAR, a New Hartford–based foodservice technology provider, says it acquired 100 percent of outstanding equity interests of Delaget for $132 million, principally paid in shares of PAR common stock. The deal closed on Tuesday, Dec. 31.

“The acquisition of Delaget marks another strategic milestone in PAR’s mission to build the industry’s most comprehensive food-service platform,” PAR President/CEO Savneet Singh contended in a news release. “Delaget’s analytics capabilities perfectly complement our Operator Cloud solution, while offering immediate value to our customers through enhanced back-office capabilities, delivery options, and data-driven insights. Our combination will help restaurant operators make better decisions, reduce costs, and drive operational excellence in real time.”

Delaget’s platform delivers data analytics, loss prevention, and operational insights that help restaurant operators streamline operations and improve profitability. The company, founded in 2001, serves more than 125 brands at over 30,000 locations. Customers include Taco Bell, KFC, Pizza Hut, IHOP, and Burger King.

PAR offers hardware and software technology for food-service businesses including point-of-sale, digital ordering, loyalty, back-office management, and payment products. The company has hospitality and retail clients in more than 110 countries.