PAR Technology Acquires Privately Held Brink Software; Terms Not Disclosed

(RTTNews) - PAR Technology Corp. (PAR), a provider of integrated technology solutions to the hospitality industry, announced Friday that it has acquired Brink Software, Inc., a fast emerging provider of cloud based point of sale software for restaurants. The company did not announce the terms of the deal.

The acquisition will enhance PAR's cloud software offerings and recurring revenue streams.

The acquisition would help PAR to develop, deploy and service cloud technology solutions for quick-serve, fast casual and casual dining restaurants.

The company noted that the addition of Brink to the PAR software portfolio complements its PixelPoint software and enables PAR to expand market reach and continue to focus and invest in solutions for the restaurant market.

San Diego, CA-based Brink's offerings will now be backed by PAR's hardware, services, worldwide infrastructure and resources. Brink has been a strategic partner of PAR's since 2011.