M&A Deal Summary

PAR Technology Acquires Restaurant Magic

On November 7, 2019, PAR Technology acquired software company Restaurant Magic for 42M USD

Acquisition Highlights
  • This is PAR Technology’s 3rd transaction in the Software sector.
  • This is PAR Technology’s 4th largest (disclosed) transaction.
  • This is PAR Technology’s 3rd transaction in the United States.
  • This is PAR Technology’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-11-07
Target Restaurant Magic
Sector Software
Buyer(s) PAR Technology
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

Restaurant Magic

Tampa, Florida, United States
website
AccSys LLC is a restaurant software company. Restaurant Magic’s Data Central is a suite of back-office applications to help restaurant managers achieve operational and financial goals. AccSys LLC was founded in 1979 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

PAR Technology

New Hartford, New York, United States

website

Category Company
Founded 1968
Sector Software
Employees1,800
Revenue 416M USD (2023)
DESCRIPTION

PAR Technology is a provider of software technology services to restaurant and retail industry. PAR Technology was founded in 1968 and is based in New Hartford, New York.

DEAL STATS #
Overall 4 of 8
Sector (Software) 3 of 5
Type (Add-on Acquisition) 3 of 7
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2019) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 PAR Technology - SureCheck

New Hartford, New York, United States

PAR Technology Corp's SureCheck mobile food safety solutions and monitoring business in New Hartford, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Punchh

San Mateo, California, United States

Punchh is a loyalty and engagement solution for restaurant, retail, and convenience store brands. For a decade Punchh has created consistent, modern loyalty experiences to help physical retailers understand their guests and use real data insights to serve them best. Powered through A.I., the company builds meaningful relationships and dramatically increases lifetime guests. Punchh was formed in 2011 and is based in San Mateo, California.

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