PAR Technology Introduces PAR Infinity™, A Bold New Offering to Ensure Nothing Comes Between Restaurants and Guests
19 Juli 2022 - 1:30PM
Business Wire
PAR’s Hardware as a Service offering provides counter and
kitchen hardware, includes services that support the entire life of
the terminal
ParTech, Inc. (PAR), (NYSE: PAR), a global restaurant technology
company and provider of unified commerce for enterprise
restaurants, today announced the launch of PAR Infinity™ (PAR™).
The subscription-based hardware offering combines PAR’s
purpose-built technology with industry-leading support services
such as a 24x7x365 help desk, robust managed care capabilities,
field service, and equipment exchange for the life of the customer.
PAR Infinity relieves the burden of owning and managing the
hardware restaurants rely on to operate efficiently and
profitably.
PAR Infinity does not require payment upfront and PAR assumes
responsibility for successfully implementing, maintaining, and
updating the technology throughout the terminal lifespan. Customers
can also add several industry-defining PAR products such as Brink
POS®, a market-leading Point of Sale system, Punchh®, loyalty,
offer management, and engagement platform, Data Central®, labor,
scheduling, and analytics, and PAR Pay®, payment services.
“We’ve witnessed the rapid adoption of technology throughout the
hospitality industry, but with the speed at which restaurants work,
any IT issues can be costly,” said Savneet Singh, CEO and President
of PAR Technology. “Every minute a restaurant is thinking about
hardware, an upgrade or app integration, it takes time away from
elevating the guest experience. Many technology vendors focus on
putting their hardware into restaurants with little consideration
for what happens once it gets there. When restaurants have PAR
Infinity™, they are gaining a dedicated IT staff for as long as
they are a customer.”
Anchored by the new PAR Helix™ terminal, PAR Infinity™ addresses
one of the most common Hardware as a Service (HaaS) problems with
an unmatched solution. Unlike other hardware vendors, where once
the technology advances, restaurants are on the hook to purchase
new hardware, PAR protects restaurants from technology
obsolescence. PAR will take over the entire hardware process from
installation and maintenance to upgrading, servicing, and eventual
removal of the hardware when it is no longer needed. Corporate IT
departments no longer need to invest time into day-to-day
maintenance of the system, and restaurant staff can focus on
serving customers and creating one-of-a-kind guest experiences.
“Historically, hardware would last for several years, and
restaurant operators could manage the upkeep, but digital
transformation is happening more quickly now, and operators are
struggling to service their technology fast enough,” said Dorothy
Creamer, research manager, hospitality and travel digital
transformation, IDC. “Restaurant operators are seeking more support
from solution providers in IT management and services to remove the
need for them to act as technicians. IDC data shows that this is a
struggle for the majority of restaurants, with nearly a quarter
(24%) of operators naming systems maintenance the top challenge
they face(1). In turn, restaurant operators are looking to IT
managed services to ensure business resiliency, with 72% planning
to increase investment making it the top growth area for IT
spending in 2022(2). POS solution providers, like PAR are tapping
into this need to act as end-to-end partners to empower restaurants
to be more responsive to the changing needs of customers, focus on
the guest experience and innovate at the pace customers have come
to expect.”
PAR Infinity™ provides restaurants with the hardware and
services they need to operate without worrying about the technology
that their business runs on.
To learn more about PAR Technology, visit partech.com.
About PAR Technology Corporation
For more than 40 years, PAR Technology’s (NYSE Symbol: PAR)
cutting-edge products and services have helped bold and passionate
restaurant brands build lasting guest relationships. We are the
partner enterprise restaurants rely on when they need to serve
amazing moments from open to close, during the most hectic rush
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 hardware, software, drive-thru, and back-office
solutions. With the acquisition of Punchh Inc., a leading SaaS
based customer loyalty and engagement solutions provider, PAR has
become a Unified Commerce Cloud Platform for Enterprise
Restaurants. To learn more, visit www.partech.com or connect with
us on LinkedIn, Twitter, Facebook, and Instagram.
Sources:
- Digital First and Data Driven: Hospitality,
Dining and Travel Technology Investments and Strategies — IT
Spending and Business Objectives Focus on Resiliency and
Adaptability Doc # US47248821
https://www.idc.com/getdoc.jsp?containerId=US47248821&pageType=PRINTFRIENDLY
- Future Enterprise Resiliency & Spending
Survey, IDC, October, 2021, Total n=829, Hospitality & Travel
n=95
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220719005163/en/
Christopher R. Byrnes (315) 743-8376 chris_byrnes@partech.com,
www.partech.com
PAR Technology (NYSE:PAR)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
PAR Technology (NYSE:PAR)
Historical Stock Chart
Von Apr 2023 bis Apr 2024