PAR Technology has been developing restaurant and retail technology since its founding in 1968, when five mathematicians and engineers established the company to solve complex technical problems. Originally built as Pattern Recognition Technology, the company has evolved over five decades into a provider of cloud-based software serving over 100,000 restaurants across more than 110 countries.
The company's core offering is a unified platform integrating point-of-sale systems, omnichannel ordering, loyalty programmes, back-office operations, payment processing, and hardware solutions. This consolidated approach allows restaurant operators and retailers to manage multiple functions through a single system rather than juggling disparate vendors.
Under CEO Savneet Singh, PAR underwent a significant transformation beginning in 2021, transitioning from a struggling legacy hardware business to a cloud software platform leader. The company has pursued strategic acquisitions, including Punchh, to expand its capabilities in loyalty and customer engagement technology.
