Core Insights - Jack's Family Restaurants has expanded its partnership with PAR Technology to enhance digital capabilities and streamline operations across its approximately 300 locations in the US [1][3] - The collaboration aims to create a more connected experience for customers and staff, supporting the brand's growth strategy [1][2] Group 1: Partnership Details - The new agreement broadens the existing relationship, integrating point-of-sale, payments, loyalty, and hardware into a single enterprise platform [3] - Jack's has been collaborating with PAR since 2019, initially through the loyalty platform PAR Punchh [2] Group 2: Technology and Operations - The deployment of PAR systems, including PAR POS and PAR Pay, is designed to simplify operations and improve payment experiences [2][3] - The technology is built for scalability, featuring an intuitive POS and durable hardware to ensure reliable service during peak times [3] Group 3: Company Background - Jack's Family Restaurants originated in 1960 in Homewood, Alabama, and has since grown to over 280 outlets across five US states [4] - The CEO of PAR Technology highlighted Jack's as an ideal partner due to its focus on growth and guest service quality [4]

Core Viewpoint - PAR Technology has agreed to acquire Bridg for $27.5 million, aiming to enhance its data-driven customer activation capabilities in the foodservice sector [1][2] Group 1: Acquisition Details - PAR Technology will acquire all assets of Bridg for a total purchase price of up to $30 million, with payment made in common stock [1] - The transaction is expected to close in the current quarter, pending customary closing conditions [6] Group 2: Strategic Objectives - The acquisition aims to link loyalty and in-store transaction data for restaurant, retail, and consumer packaged goods (CPG) operators, enhancing PAR's capabilities [2][4] - Bridg's Identity Resolution platform will enable the conversion of in-store transactions into customer profiles, linking previously unidentified shoppers to first-party data [3][4] Group 3: Expected Benefits - The integration is designed to allow brands to activate offers for a broader set of shoppers and personalize customer journeys at scale [5] - The unified data set is anticipated to support closed-loop attribution models, enabling measurement of campaign impacts across customer interactions [5]

Core Insights - PAR Technology is acquiring Bridg, a shopper intelligence platform, for $27.5 million, potentially increasing to $30 million after adjustments [2][3] - The acquisition aims to integrate Bridg's Identity Resolution platform with PAR's loyalty solutions, enhancing customer profiling and marketing attribution [3][5] Acquisition Details - The transaction is expected to close in the first quarter, pending customary closing conditions [4] - Bridg's platform will enable retailers and restaurants to activate offers for previously anonymous shoppers [3] Strategic Goals - PAR Technology's CEO stated that the acquisition will help create a comprehensive platform for customer connections, enhancing operational efficiency and profitability in a competitive market [5] - The company has previously acquired three other firms in the foodservice technology sector, indicating a strategy to consolidate disjointed products [6][7] Background on Bridg - Bridg was founded in 2012 to provide consumer data to brick-and-mortar businesses, previously available mainly to online merchants [8] - Cardlytics acquired Bridg in April 2021, enhancing its digital advertising capabilities [9]

Core Viewpoint - PAR Technology Corporation has announced the acquisition of Bridg, a shopper intelligence platform, for a purchase price of $27.5 million, with potential adjustments bringing the total to a maximum of $30 million [1] Group 1: Acquisition Details - The acquisition involves substantially all assets of Bridg, which is a division of Cardlytics, Inc. [1] - The structured purchase price is set at $27.5 million, with adjustments possible that could increase the total to $30 million [1]

Core Viewpoint - PAR Technology Corporation is actively engaging with institutional investors through presentations and meetings at the 28th Annual Needham Growth Conference, highlighting its commitment to growth and investor relations [1][2]. Company Overview - PAR Technology Corporation (NYSE: PAR) is a leading provider of foodservice technology, offering a unified platform designed to scale and adapt to brands at various growth stages [3]. - The company's solutions include point-of-sale, digital ordering, loyalty programs, back-office operations, payments, and hardware, all designed for flexibility and integration [3]. - PAR's innovations aim to streamline operations, enhance customer engagement, and improve guest experiences for restaurants and retailers globally [3].

Core Insights - PAR Technology Corporation has launched Smart Passes, a wallet-native loyalty solution that integrates with Apple and Google Wallet, aiming to enhance customer engagement without the need for app downloads or logins [1][2][3] Company Overview - PAR Technology Corporation is a leading provider of foodservice technology, offering a unified platform that includes point-of-sale, digital ordering, loyalty, back-office, payments, and hardware solutions [7] Product Features - Smart Passes allows for one-tap enrollment and real-time delivery of loyalty points and offers, making it easier for guests to engage with loyalty programs [2][4] - The solution is designed to remove barriers associated with traditional loyalty programs, which often see a 70% drop-off due to cumbersome sign-up processes [3][4] Market Context - The loyalty market is projected to reach $217 billion by 2028, highlighting the need for innovative and frictionless loyalty solutions for brands to remain competitive [3] Customer Feedback - Early adopters, such as Salsarita's, report increased guest return rates and higher redemption rates due to the convenience of the app-less loyalty system [5] Availability - Smart Passes is currently available for restaurant brands, with Offer Passes set to roll out in Q1 2026 [5]

Core Insights - PAR Technology Corporation is participating in the UBS Global Technology and AI Conference, where CEO Savneet Singh will present to institutional investors [1][2] - The company is recognized as a leading provider of technology solutions for enterprise foodservice and retail, offering a unified platform that integrates various operational aspects [3] Company Overview - PAR Technology Corporation (NYSE: PAR) specializes in foodservice technology, providing a scalable and adaptable platform for brands at different growth stages [3] - The company's solutions include point-of-sale, digital ordering, loyalty programs, back-office management, payments, and hardware, designed to enhance operational efficiency and customer engagement [3] Recent Developments - PAR Technology has launched PAR® Catering, a new solution aimed at capitalizing on the $109 billion catering market, which is expected to grow at a 7.7% CAGR through 2030 [7] - The company has also announced a partnership with Erbert & Gerbert's Sandwich Shop to implement its technology solutions, indicating a focus on operational excellence and growth [5]

Core Insights - PAR Technology Corporation has been selected by Erbert & Gerbert's Sandwich Shop to provide a comprehensive suite of technology solutions aimed at enhancing growth and operational efficiency [1] Company Overview - PAR Technology Corporation is recognized as a leading provider of foodservice technology [1] - Erbert & Gerbert's Sandwich Shop operates 80 locations across 8 states [1] Technology Solutions - The selected solutions include PAR POS™, PAR® Hardware, PAR® Pay, PAR® Payment Services, PAR OPS™ Recovery, and Managed Services [1] - These technologies are intended to support Erbert & Gerbert's next phase of growth and operational excellence [1]

Core Insights - PAR Technology Corporation has announced that Layne's Chicken Fingers will implement PAR® Engagement to enhance its digital ordering and loyalty systems as it prepares for significant expansion [1] Company Developments - Layne's Chicken Fingers is planning to expand with over 300 restaurants in the development pipeline [1] - PAR Engagement includes a suite of tools for ordering, loyalty, guest data, and marketing [1]

Core Insights - PAR Technology Corporation has launched PAR Games™, an interactive loyalty experience aimed at enhancing guest engagement through personalized brand interactions triggered by everyday behaviors [1] - The new loyalty program seeks to transform traditional passive loyalty into real-time emotional engagement, helping marketers increase customer visits and gather zero-party data while minimizing reliance on discounts [1] Company Overview - PAR Technology Corporation is recognized as a leading provider of foodservice technology [1] - The introduction of PAR Games™ reflects the company's commitment to innovating loyalty programs in the foodservice industry [1]