PAR Technology Corporation, a technology solutions provider for the hospitality industry, has acquired POS software provider Brink Software for an undisclosed sum. The acquisition is designed to build a business that has the ability to develop, deploy and service cloud technology solutions for restaurants, according to a company press release. The two companies have been strategic partners since 2011.
This expansion will allow PAR to “leverage [its] existing infrastructure and enhance [its] recurring revenue streams,” according to Ronald J. Casciano, the company’s CEO and President.
PAR complements its PixelPoint POS software in adding the Brink solution to its software portfolio. The addition is designed to enable PAR to expand its market reach and continue to focus on its investment in solutions for the restaurant market.
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“This acquisition will certainly enable much faster deployment of our products and services across our targeted markets,” said Paul Rubin, Co-Founder and CEO of Brink Software. “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.”
