M&A Deal Summary

PAR Technology Acquires Punchh

On April 8, 2021, PAR Technology acquired software company Punchh for 500M USD

Acquisition Highlights
  • This is PAR Technology’s 4th transaction in the Software sector.
  • This is PAR Technology’s largest (disclosed) transaction.
  • This is PAR Technology’s 4th transaction in the United States.
  • This is PAR Technology’s 2nd transaction in California.

M&A Deal Summary
Date 2021-04-08
Target Punchh
Sector Software
Buyer(s) PAR Technology
Deal Type Add-on Acquisition
Deal Value 500M USD
Advisor(s) J.P. Morgan Securities (Financial)
Fenwick & West (Legal)

Target

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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Buyer(S) 1

Buyer

PAR Technology

New Hartford, New York, United States
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 5 of 8
Sector (Software) 4 of 5
Type (Add-on Acquisition) 4 of 7
State (California) 2 of 2
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Restaurant Magic

Tampa, Florida, United States

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.

Buy $42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 MENU Technologies

Zug, Switzerland

MENU Technologies is a fast-growing, omnichannel ordering solution for international restaurant brands. MENU Technologies provide restaurant brands with the tools they need to grow their digital business, manage orders from all channels and for all order types, orchestrate their delivery operations, and fully control their digital experience to retain a direct customer relationship. MENU Technologies was founded in 2014 and is based in Zug, Switzerland.

Buy -
Mergr

Product

Company

Legal