PAR Technology Boosts Foodservice Platform with $132M Delaget Acquisition
PAR Technology has bolstered its foodservice platform with the acquisition of Delaget for $132 million. The deal, completed on December 31, 2024, involves predominantly common stock. Delaget, led by CEO Boris Jordan, serves around 30,000 locations and collaborates with over 125 brands, including top 50 restaurant concepts in North America.
Condado Tacos, a prominent client, chose PAR's Data Central in December 2024, reflecting industry trust in PAR's expanded capabilities following the acquisition. The integration of Delaget's solutions will expedite the development of PAR's Data Platform, offering unprecedented insights into guest behavior and operational processes. This acquisition will also fortify PAR's back-end operational and data analysis capabilities, enabling better real-time decisions and cost reduction. Delaget's comprehensive analytics and business intelligence solutions will further enrich PAR's existing operator cloud solution.
The acquisition of Delaget by PAR Technology for $132 million strengthens PAR's foodservice platform and expands its operational capabilities. With Delaget's extensive analytics and business intelligence solutions, PAR can provide unmatched insights to its clients, helping them make informed decisions and improve operational efficiency.
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