The Task agreement includes a
"Our goal at PAR has been to be the largest food service technology company in the world. Adding TASK will provide us with a global platform to build upon this vision,"
The agreements allow Par to expand its cloud-based unified commerce software offerings into convenience stores, fuel retailers and international markets.
"This is a monumental day for us at Part as we expand our business across the globe and enhance our product and service offerings for a wider range of the foodservice and fuel retail industry," Singh added. "Over the past five years, we have evolved our capabilities to include point-of-sale, loyalty, back-office, payment transaction services and digital ordering.
The acquisitions will add over
"Simply put, we expect to increase our ARR by well over 50% while adding meaningful cashflow and unlocking significant new markets that ensure faster future growth," Singh said.
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