Par Technology Could Be a Dominant Force After $500 Million Acquisition, Panera Founder Says
"With this acquisition, we're bolting it together," Shaich said. "The reality is that this is one of the most powerful opportunities that exist in restaurant technologies." Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up about 25%. The stock has gained traction in recent years as the New Hartford, New York-based company turned its attention to hiring a strong workforce and improving its enterprise product offerings, CEO Savneet Singh said in the joint interview. "Much of the last 18 months to two years has been focusing our capital allocation on sof...
Source: nbcphiladelphia.com