Partech Strengths, Domain Expertise, and Key Differentiators
PAR’s Restaurant/Retail segment has been a provider of restaurant and retail technology for more than 30 years. PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums, and foodservice companies.
Partech Recent Developments
In March 2020 ParTech introduced PARk it, an online-ordering platform utilizing QR codes and Brink POS software to convert a restaurant into a self-order kiosk/drive-in without any additional hardware.
PARk it, allows restaurant operators to create QR codes that connect customers to the restaurant’s online menu using their phone. Customers can order menu items, pay with their existing payment methods such as Apple Pay, Google Pay, or Credit Cards without signing up, or downloading an app. It’s a flexible solution for restaurants and a frictionless experience for customers. Their order can either be taken to their vehicle or prepared for in-store pickup in a way that adheres to current social distancing mandates and is safe for staff and customers.
In July 2019, ParTechu launched the integration of PixelPoint POS software to the next generation Guestline cloud Property Management System (PMS). Available globally as a subscription or perpetual license, PAR PixelPoint POS software is deployed in over 12,000 locations and designed for use in all restaurant concepts, providing an open core-POS solution, with over 200 integrations worldwide.
In November 2018, ParTech launched PAR IoT. The PAR IoT solution is an advanced cloud-based system that enables 24×7 remote monitoring of key capital investments with near real-time alerting for temperature failures and power disruptions. The system components consist of various sensors that collect crucial data, gateways to transfer data to Cloud Servers, and a web portal for system setup, reporting, and alerting for action when specific programmable states exist. The solution ensures critical temperatures are regularly captured and monitored in kitchens, serving areas, storage, and holding areas.
In November 2018, PAR Technology and Monkey Group formed a strategic partnership for Growing Off-Premise Market representing MonkeyMedia Software, The Catering Institute, and Off-Premise Insights. The partnership gives users of PAR’s cloud-based Brink POS Software additional software, training, and data resources to better serve takeout, delivery, and catering clients.
Partech's restaurant and retail apps revenues posted high single-digit growth over the past two quarters with considerable traction among tier-1 quick-service restaurants.
Partech Mergers and Acquisitions (M&A) Activities
In December 2019 ParTech acquired AccSys (Restaurant Magic), a provider of back-office restaurant management software. The acquisition price for Restaurant Magic consisted of $13.0 million of cash, subject to purchase price adjustments, $27.0 million of PAR Technology restricted stock, a $2.0 million subordinated promissory note, and the opportunity to earn additional purchase price consideration subject to the achievement of post-closing revenue-focused milestones.
Partech Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Partech applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Partech and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PAR Brink POS Software, customers.
Ownership: - NYSE : PAR
Number of Employees: 1000
Functional Markets: ERP Services and Operations Management,
Partech Key Enterprise and Cloud Applications
PAR Brink POS Software,
Partech Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Partech Revenue Breakdown By Type, $M:
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Partech Enterprise Applications Revenues By Functional Markets, $M:
Partech Enterprise Applications Revenues By Verticals, $M:
Partech Revenues By Region, $M
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Partech Direct vs Indirect sales
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Partech Customers - Breakdown by Geo, Size, Vertical and Product
No. of Partech Customers: 100000
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With point-of-sale systems in more than 100,000 restaurants and more than 110 countries, PAR is redefining the point of sale to bring technological innovation to all corners of the enterprise.
PAR's customers include McDonald’s, Yum! Brands, Inc., Jack in the Box, and Five Guys Burgers & Fries, to name a few. Its recent customer wins included Lahaina Inn, Hotel Diva, Glacier Park, Château Élan Winery & Resort, Hotel 1000, and others. PAR relies heavily on system sales to McDonald’s Corporation, Yum! Brands, Inc., and the SUBWAY franchisees of Doctor’s Associates Inc. PAR also sells into Baskin-Robbins, a unit of Dunkin' Brands Group, Inc., Boston Market Corporation, the Hardee’s and Carl’s Jr.units of CKE Restaurants, Inc., Legal Sea Foods, LLC, and franchisees of these organizations.
In the Hotel/Resort/Spa market, PAR customers include the Boca Raton Resort & Beach Club property of Hilton Worldwide, Inc., the Hard Rock Hotel & Casino unit of Hard Rock Cafe International, Inc., the Pebble Beach Resorts of the Pebble Beach Company, and The Gleneagles Hotel unit of Diageo plc. Large hotel chains utilizing its applications include Accor SA, Four Seasons Hotels Limited, the Fairmont and Swisshotel 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.
Partech Market Opportunities, M&A and Geo Expansions
ParTech unveiled that TempAlert, a specialist in temperature monitoring, has become an IoT integration partner with PAR’s SureCheck Advantage Food Safety Solution.
PAR has developed and nurtured, long-term relationships with three of the largest organizations in the Restaurant/Retail segment - McDonald’s Corporation, Yum! Brands, Inc., and the SUBWAY franchisees of Doctor’s Associates Inc. McDonald’s currently has approximately 36,000 restaurants in more than 100 countries; since 1980, PAR is an approved provider to McDonald’s and its franchisees of restaurant technology systems and support services. Yum! Brands, which includes Taco Bell, KFC, and Pizza Hut, currently has over 43,500 restaurants in more than 135 countries.
PAR has been an approved supplier since 1983 and is a major supplier of in-store technology systems to concepts within the Yum! Brands portfolio. We continue to expand our hardware sales and related services to SUBWAY, which currently has more than 44,000 restaurants around the world. Other significant restaurant chains that use PAR POS products and related services include the Baskin-Robbins unit of Dunkin’ Brands Group, Inc., the Hardee’s, and Carl’s Jr. units of CKE Restaurants, Inc., Five Guys, Jack-in-the-Box, and franchisees of these organizations.
Partech Risks and Challenges
In December 2018, PAR Technology Corporation unveiled that Savneet Singh, a member of the Company’s Board of Directors since April 2018, has been appointed Interim Chief Executive Officer (“CEO”) and President of the Company, effective December 4, 2018. The Company also unveiled that Dr.Donald H.Foley has stepped down as CEO and President and as a director of the Company.
Partech Ecosystem, Partners, Resellers and SI
In June 2020 ParTech has joined forces with Techknow, a multi-sensor drive-thru management solution company, to offer drive-thru timers and wireless communication systems to quick-serve (QSR) and fast-casual restaurants. Techknow timer solutions use multiple sensors that can track the time and progress of vehicles from many different lane configurations, giving restaurant operators flexibility and access to real-time business intelligence. Combined with multiple methods of vehicle detection, a long lifespan, and ParTech’s dedicated service team, this all-in-one drive-thru package gives QSRs and fast-casual restaurants a competitive edge.
In May 2019, unveiled PingHD, NovaDine, 7shifts, Gratuity Systems, Exponent HR, and PXYData have been added to the large ecosystem of PAR’s Brink POS software. These new partnerships will allow its current and future customers to continue to use best in class partners and applications to strengthen their technology stacks.
In June 2019, ParTech partnered with SpeedETab, an industry leader in native mobile ordering, mobile payment, and engagement solutions for the restaurant industry. This new partnership simplifies the workflow for PAR’s Brink POS customers of any size, by syncing menu information and reporting directly between its mobile app experience and the POS, while also eliminating the need for any extra tablets or hardware, as orders are sent directly into their Brink environment.
In April 2019, ParTech partnered with Altametrics and Hubworks, a leading provider of cloud-based enterprise restaurant systems that provides food, workforce, and supply chain management to the world’s most successful restaurant companies, including Denny’s, Taco Bell, and Pizza Hut. The technology partnership will allow PAR’s cloud-based Brink POS software solution to seamlessly connect with Altametrics Enterprise Office and the Hubworks suite of applications through the Any Connector tool. The partnership helps clients streamline restaurant operations by allowing better cost controls over labor and food expenses. Additionally, Altametrics and Hubworks will make menu and staff change faster and more efficient – changes will only need to be made once and will be reflected across all solutions, ensuring consistency across the organization while reducing the time spent on data entry.
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