PAR Technology (PAR) Acquires Leading Loyalty Provider Punchh Inc. for $500 Million
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PAR Technology Corporation Acquires Leading Loyalty Provider Punchh Inc. for $500MM, Becoming a Unified Commerce Cloud Platform for Enterprise Restaurants
April 8, 2021 9:15 AM EDTEquity funding for the transaction led by Ron Shaichs Act III Holdings and funds and accounts advised by T. Rowe Price Associates, Inc.
NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- PAR Technology Corporation (NYSE: PAR), a leading global provider of restaurant software, today announced that it has acquired Punchh Inc. (Punchh), a leader in loyalty and guest engagement solutions, for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. This acquisition makes PAR a unified commerce cloud platform for enterprise restaurants and... More
