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PAR Technology Acquires Brink Software [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) PAR Technology has acquired Brink Software. According to a media release, the acquisition creates a solutions provider with the ability to develop, deploy and service cloud technology solutions for quick-serve, fast casual and casual dining restaurants. "This acquisition is a great match for PAR Technology. We have been focused on expanding our reach into new hospitality markets for PAR with new product offerings that allow us to leverage our existing infrastructure and enhance our recurring revenue streams," said Ronald J. Casciano, PAR's CEO & President. "Brink has a great reputation as an innovator and this acquisition will allow PAR to diversify and strengthen our position in the hospitality markets. We look forward to continuing to support Brink customers and to facilitate Brink's growth through resources now available to them as a result of the acquisition. The combination of PAR and Brink is an ideal synergistic pairing that will combine the technological and personnel strengths of both companies." "In acquiring Brink, PAR dramatically accelerates our strategy to deliver compelling true cloud software to the quick-serve and fast casual segments and provides a greater technology choice for restaurants," commented Karen E. Sammon, President of PAR's Restaurant Technology Business, ParTech "Our united companies are dedicated to serving our customers and delivering innovation and disruptive technology to hospitality markets. PAR's strong history of delivering technology products combined with Brink's accomplished development team ideally positions us to deliver end-to-end technology and service solutions to the restaurant and retail industries we serve." Paul Rubin, Co-Founder and Chief Executive Officer of Brink Software commented, "We are excited to become part of a very successful organization, and even more so to be able to offer our customers the benefits of PAR's integrated solutions and services, their industry experience and financial strength. This acquisition will certainly enable much faster deployment of our products and services across our targeted markets. We have experienced significant growth over the past few years and being part of the PAR family will propel our growth faster and more efficiently. The hospitality technology industry is at an exciting time with interest in cloud products and services. We are clearly at the forefront of this technology." More information and complete details: www.partech.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |