Par Technology Acquires Delaget for $132 Million

By Bobby Samwell • Thursday, January 02 15:20 • Permanent Link

Par Technology Corporation (NYSE: PAR) has announced the acquisition of Delaget, LLC, a leading provider of restaurant analytics and business intelligence solutions. The transaction closed on December 31, 2024, with Par Technology acquiring 100% of the outstanding equity interests of Delaget for a total consideration of $132.0 million, principally paid in shares of Par common stock.

Delaget serves over 30,000 locations, with 125+ brands among its customers, including 40 of the top 50 North America-based restaurant concepts. The comprehensive platform offered by Delaget delivers data analytics, loss prevention, and operational insights to help restaurant operators streamline operations and improve profitability.

Savneet Singh, Par Technology’s Chief Executive Officer and President, highlighted the strategic significance of the acquisition, stating that Delaget’s analytics capabilities perfectly complement Par’s operator cloud solution. The combined entity aims to provide enhanced back-office capabilities, delivery operations, and data-driven insights to help restaurant operators make better decisions, reduce costs, and drive operational excellence in real-time.

Jason Tober, Chief Executive Officer of Delaget, expressed enthusiasm about the acquisition, emphasizing the shared vision for transforming restaurant operations through data insights. The integration with Par Technology is expected to leverage the scale and industry leadership of Par to deliver even greater outcomes to customers.

The acquisition of Delaget marks a strategic milestone in Par’s mission to build the industry’s most comprehensive food service platform. The company aims to accelerate the development timeframes of the Par data platform, uniting data across a restaurant’s tech stack to provide unparalleled guest and operational insights.

The full financial details of the acquisition, including any adjustments for cash, indebtedness, and net working capital, are available in Par’s current report on Form 8-K filed with the Securities and Exchange Commission on January 2, 2025. The market has reacted to these announcements by moving the company's shares -1.7% to a price of $71.45. If you want to know more, read the company's complete 8-K report here.

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