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Company Description

Contact Info

PAR Technology Park

8383 Seneca Turnpike

New Hartford, NY 13413

United States

Phone: 315-738-0600


PAR Technology Corporation provides technology solutions and technical services worldwide. The company operates in two segments, Hospitality and Government. Hospitality This segment provides hardware, software and a range of support services, to businesses and organizations within the global hospitality industry that includes restaurants, hotels, resorts, spas and specialty retail outlets. The company provides hospitality management technology systems to restaurants (the quick service, fast casual and table service categories) with approximately 50,000 systems installed in approximately 110 countries. In addition, the company is expanding its business into the retail marketplace with its food safety and task management solution, SureCheck. These technology solutions are marketed collectively through the company’s Hospitality segment. The company’s Hospitality segment also provides guest-centric property management solutions to hotels, resorts, spas, casinos, and other hospitality properties, worldwide. The company’s solutions for the restaurant market integrate software applications, hardware platforms and installation and lifecycle support services. Its hardware offerings for the restaurant market include point-of-sale (POS) terminals, kitchen systems utilizing printers and/or video monitors, and a range of food safety monitoring and task management tools. The company’s software offerings for the restaurant market include front-of-store POS software applications, operations management software applications (known as Back Office), and enterprise software applications for content management and business intelligence. The company developed long-term committed relationships with the organizations, such as McDonald’s Corporation, Yum! Brands, Inc., and the SUBWAY franchisees of Doctor’s Associates Inc. The company provides restaurant technology systems and support services to their organization. The company expands installed base of hardware technology and services with SUBWAY, which has approximately 43,000 restaurants in approximately 110 countries. Other significant hospitality chains for which the company is the POS vendor of choice include the Baskin-Robbins unit of Dunkin' Brands Group, Inc., the Hardee’s and Carl’s Jr. units of CKE Restaurants, Inc., the Carnival Cruise Lines unit of Carnival Corporation & plc and franchisees of these organizations. The company develops an intelligent checklist solution for food safety measurement and task management automation marketed under the name SureCheck. The company provides software solutions for various property types, including city-center hotels, destination spa and golf resorts, cruise ships, and casino hotels. High profile customers utilizing PAR’s solutions include The Old Course Hotel at St. Andrews, a unit of Kohler Company; Pebble Beach Resorts of the Pebble Beach Company; and Gleneagles Hotel unit of Diageo plc. Large hotel chains utilizing the company’s software solution offerings include Accor SA, Four Seasons Hotels Limited, the Fairmont and Swissotel units of FRHI Holdings Limited, Hilton Worldwide, Inc., Kempinski AG, Mandarin Oriental Hotel Group, Marriott International, Inc. and its Ritz-Carlton subsidiary, The Maybourne Group, and Starwood Hotels & Resorts Worldwide, Inc. Products The company markets its hardware, software and services as an integrated solution or unbundled, on an individual basis. Hardware The company's EverServ family of hardware platforms are designed for harsh hospitality environments, to be durable, scalable, and integrated - offering customers' competitive performance at a cost-conscious price. The company’s hardware platforms, compatible with operating systems, support a distributed processing environment and are suitable for a range of use and functions within the markets the company serves. The company partners with various vendors of complementary in-store peripherals, from cash drawers, card readers, and printers to kitchen video systems, allowing the company to provide a solution coordinated and delivered by one vendor. The company offers a range of POS hardware system designs and capabilitie


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Valuation PAR Industry Range
Price/Earnings 18.4x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 145.5x
TEV/Sales 0.3x

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