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PAR TECHNOLOGY CORPORATION

(PAR)
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PAR Technology : Online Ordering and Loyalty Platform Provider Appfront Joins PAR Technology's Brink Integration Partner Ecosystem

06/11/2021 | 07:31am EDT

ParTech, Inc. (PAR), a global restaurant technology company and unified commerce cloud platform for enterprise restaurants, is adding Appfront, an online ordering and loyalty platform, to its industry-leading Brink POS® ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE:PAR).

Appfront gives restaurant operators the power to create a streamlined ordering experience for their guests by integrating directly with Brink POS. Their technology also allows restaurants to design personalized campaigns for 1:1 guest outreach and use customer data form various sources to better understand and segment audiences. Appfront also provides users with the ability to create loyalty and rewards programs, so concepts can stay connected with their biggest fans.

“Over the past couple of months, we have been getting more requests from new customers asking about an integration with Brink POS,” Ori Weisler, founder of Appfront, said. “PAR’s name comes up regularly during our discussions with small- and medium-sized customers, and always in a positive way when it comes to technology. But when we’re discussing add-on solutions for digital, there seems to be a gap for small- and mid-sized restaurants. We decided to connect with PAR as we believe Appfront can complement Brink POS with our quick and seamless solution for restaurants and virtual kitchens.”

Appfront’s hybrid ordering and loyalty solution can help restaurants transition their customers and sales online. Weisler says many of the app’s customers are reporting more than 60% transition to digital. Customers also have the option of fully customizing their online ordering platform with their logo, brand colors, tone of voice, and layout.

“We’re excited to add Appfront to our integration ecosystem, especially because they serve such a unique audience,” Chad Horn, Director of Strategic Partnerships for PAR, said. “Smaller restaurant chains don’t always have access to the data they need to stay connected with their audiences. This lack of easily accessible data may also make it difficult for them to provide a top-notch online ordering experience for their guests. Appfront makes it easier for those smaller concepts to do both.”

ABOUT APPFRONT
Appfront
is an end-to-end SaaS platform that enables restaurant owners to build their entire online ordering experience within minutes. With focus on the customer journey and customer interactions, Appfront provides an all-in-one platform combining web and native ordering apps, rewards, and a CRM for better segmentation and automated engagement with customers.

ABOUT PAR TECHNOLOGY
For more than 40 years, PAR’s (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PAR’s restaurant hardware, software, drive-thru, and back-office solutions. With the recent acquisition of leading loyalty solutions provider Punchh Inc., PAR has become a Unified Commerce Cloud Platform for Enterprise Restaurants. To learn more, visit www.partech.com or connect with us on LinkedIn, Twitter, Facebook, and Instagram.


© Business Wire 2021
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Financials (USD)
Sales 2021 263 M - -
Net income 2021 -34,6 M - -
Net Debt 2021 179 M - -
P/E ratio 2021 -47,6x
Yield 2021 -
Capitalization 1 743 M 1 743 M -
EV / Sales 2021 7,32x
EV / Sales 2022 6,11x
Nbr of Employees 1 031
Free-Float 87,3%
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Mean consensus BUY
Number of Analysts 4
Average target price 103,50 $
Last Close Price 67,44 $
Spread / Highest target 69,0%
Spread / Average Target 53,5%
Spread / Lowest Target 33,5%
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Managers and Directors
NameTitle
Savneet Singh President, Chief Executive Officer & Director
Bryan A. Menar Chief Financial & Accounting Officer
Cynthia Ann Russo Independent Director
Douglas G. Rauch Independent Director
James C. Stoffel Lead Independent Director
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