PAR Technology Corporation Overview
Pro stress-test →PAR Technology is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in quick service, fast casual, and table service categories, as well as the retail industry including convenience and fuel retailers. The company has evolved to become a comprehensive platform player in hospitality technology, with ARR reaching $315.4 million in the latest quarter and averaging 55.7% year-on-year growth over the last two years.
Strategic Profile
Pro stress-test →PAR Technology is demonstrating strong operational and strategic execution, with its integrated product strategy proving to be a significant competitive advantage, positioning the company well for continued growth driven by multiproduct adoption and an expanding customer base. The company's proportion of recurring revenue from long-term contracts and subscriptions has increased, implying more stability in its business model and revenue streams.
Competitive Landscape
Pro stress-test →Main competitors include NCR Voyix, Toast, LS Retail, ECI Software Solutions, and SKYTAB among 38 total competitors. PAR differentiates through comprehensive cloud-based platform spanning POS, engagement, operations, and payment processing, targeting multiproduct adoption across enterprise chains.
Industry Context
PAR Technology Corporation operates in Foodservice Technology / Hospitality Software.
Key facts
Founded: 1968 · Headquarters: New Hartford, US · Employees: 1,585 · Revenue: $456M · Market cap: $912M