PAR Technology Corporation is an industry leader in systems and service solutions for the hospitality industry. For more than 30 years, PAR has developed technology solutions for hospitality companies: restaurant, retail, entertainment venues and cruise ships. We are committed to delivering innovative solutions that optimize the guest experience.
With point-of-sale systems in more than 50,000 restaurants and more than 110 countries, PAR is redefining the point of sale to bring technological innovation to all corners of the enterprise. Our software is complemented by reliable hardware and is backed by PAR's international services infrastructure.
In addition to PAR's hospitality solutions, PAR is a leading provider of technical solutions to the government sector. PAR's Government business is a wholly owned subsidiary of PAR Technology Corporation and is comprised of PAR Government Systems Corporation and Rome Research Corporation. PAR's Government business delivers innovative information management solutions through advanced technology and professional services to Federal, State, and local Government agencies as well as private industry customers throughout the world.
PAR Technology Corporation stock is traded on the New York Stock Exchange under the symbol PAR.
PAR's origins date back to 1968 when PAR Technology Corporation was founded as a high tech, government contracting firm. PAR is an acronym for "Pattern Analysis and Recognition". PAR's founder, John W. Sammon, was determined to utilize "technology transfer" as an engine of new opportunity as he and his colleagues developed and transferred government funded research and development initiatives to the commercial sector as viable products with real business applications. PAR then successfully embarked upon a mission to use this transferred technology to develop the industry's first stand alone POS terminal for McDonald's Corporation in 1978.