Restaurant tech supplier PAR Technology has acquired Delaget, a provider of data and analytics software for restaurants, for $132 million.
The deal gives PAR yet another product to offer operators as it aims to become a one-stop-shop for restaurant tech. It currently offers POS systems, online ordering, loyalty programs, payments and more, primarily for large chains.
Delaget provides restaurants with data on their operations and also helps with loss prevention and delivery issues. Its goal is to give restaurants a better handle on their business so they can operate more efficiently.
Founded in 2001, Delaget works with more than 30,000 restaurant locations across more than 125 brands, including many of the largest concepts in North America.
In a statement, PAR CEO Savneet Singh said the deal will help PAR's mission to build the "most comprehensive food service platform" in the industry.
"Our combination will help restaurant operators make better decisions, reduce costs, and drive operational excellence all in real-time," he said.
Jason Tober, Delaget's CEO, added that PAR's scale will allow Delaget to "deliver even greater outcomes to our customers" and bring the company's products to more restaurants.
The $132 million transaction consisted largely of PAR common stock. It is the latest in a series of acquisitions for the New Hartford, New York-based company, which has grown largely by buying up other vendors.
Last year, it acquired tech providers Task and Stuzo; in 2022, it bought digital ordering company Menu; and in 2021, it acquired loyalty company Punchh, to name a few.
The company was founded in 1968 as a U.S. Department of Defense contractor and went on to become a pioneer in commercial point-of-sale systems. Today it is focused fully on the foodservice sector and is used by more than 120,000 restaurant locations.