Full-Time
Posted on 8/23/2025
Integrated POS, loyalty, payments for hospitality
No salary listed
Noida, Uttar Pradesh, India + 1 more
More locations: Jaipur, Rajasthan, India
In Person
PAR Technology provides technology solutions for restaurants and retail, including point-of-sale systems, loyalty programs, digital ordering, restaurant operations software, payment services, and hardware. Its products are designed to work together as a unified platform, with strong emphasis on integrations that connect leading restaurant solutions to create a seamless operation. The company differentiates itself by focusing on a coordinated, “better together” approach across multiple product lines and leveraging over 40 years of industry experience to optimize customer workflows. Its main goal is to streamline operations, improve guest experiences, and support growth for its global client base by delivering integrated technology that covers front-end, back-end, and payment needs.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New Hartford, Iowa
Founded
1968
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PAR Technology (PAR) has priced a private offering of $250M aggregate principal amount of 4.00% Convertible Senior Notes due 2031. The company also granted to the initial purchasers of the notes a 13-day option to purchase up to an additional $15M aggregate principal amount of notes. The sale is expected to close on March 17, 2026, subject to satis...
PAR Technology has priced a private offering of $250 million in 4.00% convertible senior notes due 2031. The company has also granted initial purchasers a 13-day option to purchase an additional $15 million in notes. The stock dipped following the announcement of the convertible debt offering.
PAR Technology shares rose 6.5% to close at $18.68 after activist investor Voss Capital, which holds a 13.2% stake in the company, issued an open letter urging the board to explore strategic alternatives. The move signals potential interest in a sale to a private equity firm or another company at a premium to the current stock price. Voss Capital stated that PAR Technology's platform would be attractive to potential buyers. The announcement came one day after the company launched PAR Retail Drive AI, an artificial intelligence-powered product suite for convenience and fuel retailers. The stock remains down 47.7% year-to-date and is trading 73.8% below its 52-week high of $71.23, following disappointing fourth-quarter results that prompted analysts to sharply cut price targets earlier this month.
PAR Technology has launched PAR Retail Drive AI, an artificial intelligence-powered suite designed for convenience and fuel retailers. The platform provides real-time insights, automated workflows and strategic decision-making tools integrated directly into PAR's unified system. The suite comprises three modules: Drive Insights converts natural language questions into actionable data visualisations; Drive Action automates loyalty campaign creation; and Drive Strategy translates opportunities into actionable plans using macro trends and real-world data. PAR claims retailers can accelerate time-to-insight by up to 10 times whilst reducing manual effort. CEO Savneet Singh said the platform aims to help retailers operate more efficiently and understand customers better. The company expects the suite to deliver measurable outcomes in personalisation, operational efficiency and revenue growth.
PAR Technology reported fourth-quarter revenue of $120.1 million, up 14% year-over-year, driven by subscription services and hardware sales. Subscription revenue reached $76 million, representing 63% of total quarterly revenue. Full-year revenue totalled $455.5 million, up $105 million year-over-year. The company posted a GAAP net loss of $21 million, or $0.51 per share, but achieved its third consecutive quarter of non-GAAP profitability with net income of $2.6 million. Annual recurring revenue reached $315.4 million, reflecting approximately 15% organic growth. PAR secured major contracts including a 3,200-site deal with Papa Johns and recorded over $25 million in POS bookings. The board authorised a $100 million share buyback programme. Management plans to cut $15 million in annualised operating expenses through AI automation whilst reinvesting savings into AI product development.