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M&A Deal Summary

Procurant Acquires PAR Technology - SureCheck

On October 30, 2019, Procurant acquired information technology company PAR Technology - SureCheck from PAR Technology

Acquisition Highlights
  • This is Procurant’s 1st transaction in the Information Technology sector.
  • This is Procurant’s 1st transaction in the United States.
  • This is Procurant’s 1st transaction in New York.

M&A Deal Summary
Date 2019-10-30
Target PAR Technology - SureCheck
Sector Information Technology
Buyer(s) Procurant
Sellers(s) PAR Technology
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Procurant

Watsonville, California, United States
Category Company
Founded 2018
Sector Internet Software and Services
DESCRIPTION

Procurant is a provider of a cloud platform and set of interconnected applications leveraging blockchain, IoT and mobile innovations to deliver breakthrough savings, control and visibility across the fresh food supply chain. Procurant was founded in 2018 and is based in Watsonville, California.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

PAR Technology

New Hartford, New York, United States
Category Company
Founded 1968
Sector Software
Employees1,581
Revenue 350M USD (2024)
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 3 of 5
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 4
State: New York M&A 1 of 3
Country: United States M&A 3 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 3M Co. - Drive Thru Communications Systems Business

St Paul, Minnesota, United States

3M Co. - Drive Thru Communications Systems Business is a wireless communications solutions have modernized communication tasks in foodservice utilizing high-quality sound and speaker systems.

Buy -
FOLLOWING 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
Mergr

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