PAR Technology Acquires Digital Control Company MENU Technologies to Expand Unified Commerce Offerings

NEW HARTFORD, NY–(BUSINESS WIRE)–ParTech, Inc. (PAR), a global restaurant technology company and unified commerce provider for corporate restaurants, today announced the acquisition of MENU Technologies AG (MENU), a fast-growing omnichannel ordering for international restaurant brands.

The acquisition of MENU adds a robust online ordering component to PAR’s unified commerce solution suite that optimizes business performance for PAR’s customers, better positioning the organization as one of the premier unified commerce solutions for company canteens.

“Restaurants today are overwhelmed with disparate technologies that lack the connectivity or intelligence that a unified solution provides,” said PAR Technology Corporation CEO and President Savneet Singh. “The acquisition of MENU enables PAR to consolidate a restaurant’s offsite and onsite orders into a single, unified technology stack. Restaurants will now have a unified, data-driven network from point of order to kitchen, and throughout execution, allowing their teams to focus on delivering a better customer experience, instead of wasting time on vendor management.”

Based in Zug, Switzerland, MENU Technologies is one of the fastest growing and modern omnichannel ordering solutions for restaurant brands. With a common customer base between PAR and MENU – including brands like dean & david, Vapiano – the acquisition will bring PAR’s expansive platform to new markets and add omnichannel ordering solutions to its US customers.

“Since day one, our technology has been purpose-built for restaurant brands to win back customers, simplify digital channel management, and streamline ordering processes,” said Marlon Koch, co-founder and CPO of MENU. “We are thrilled to partner with PAR to accelerate our vision and be part of a unified solution that is truly revolutionizing restaurant technology and supporting corporate brands on every continent. »

MENU’s online ordering capabilities enhance PAR’s already integrated suite of SaaS solutions which includes Brink POS® for the front-of-house, Data Central® for the back-office, PAR Pay and PAR Payment Services for payments, and Punchh® for customer loyalty and engagement. With this acquisition, PAR solidifies itself as a leader in unified commerce that streamlines back-end and front-end operations to maximize every customer’s experience.

To learn more about PAR’s industry-leading solutions, visit partech.com.

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. – Forward-looking statements are not historical in nature, but rather are predictive of future operations, financial condition, business strategies and prospects of PAR Technology Corporation. Forward-looking statements are generally identified by words such as “anticipate”, “believe”, “believe”, “continue”, “could”, “expect”, “estimate”, “intend”, “may,” “opportunity,” “plan,” “should,” “will,” “would,” “likely,” and similar expressions. Forward-looking statements are based on current expectations and assumptions about future events and trends, including statements expressing optimism about future operating results and business strategies, including PAR’s unified commerce, statements regarding the expected development, demand, performance, market share or competitive performance for PAR’s products or services, which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by forward-looking statements, including potential business uncertainties related to PAR’s acquisition of MENU, including possible disruptions to PAR’s business and operational relationships and PAR’s ability to achieve anticipated synergies, as well as the expected cost, schedule and complexity of the integration. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in PAR Technology Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other filings. by PAR Technology Corporation with the Securities and Exchange Commission. PAR Technology Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

About MENU Technologies

MENU is a market-leading e-commerce platform for global restaurant brands, powering all digital customer touchpoints, from mobile, web, kiosk to delivery markets. We provide catering brands with the tools they need to develop their digital business, manage orders from all channels and for all types of orders, orchestrate their delivery operations and fully master their digital experience to maintain a direct customer relationship. . With over 100 technology partner integrations, the MENU platform powers the digital experiences of some of the world’s leading restaurant brands. Learn more at https://Menu.app

About PAR Technology Corporation

For more than 40 years, PAR Technology Corporation’s (NYSE ticker: PAR) industry-leading products and services have helped bold, passionate restaurant brands build lasting relationships with their customers. We are the business partners restaurants rely on when they need to serve incredible times from opening to closing, during the most hectic peak 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 POS, loyalty and back-office software solutions, as well as industry-leading hardware and drive-thru offerings. To learn more, visit www.partech.com or join us on LinkedIn, TwitterFacebook and Instagram.

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