PAR Technology Corporation has announced its acquisition of Brink Software Inc., a provider of cloud-based point-of-sale software for restaurants. The acquisition will give PAR Technology the ability to develop, deploy and service cloud technology solutions for quick-serve, fast casual and casual dining restaurants, according to a news release.
The company also said the addition of Brink to the PAR software portfolio complements its PixelPoint software and enables PAR to expand market reach.
Brink's offerings will now be backed by PAR's hardware, services, infrastructure and resources. Brink has been a strategic partner of PAR's since 2011.
"This acquisition is a great match for PAR Technology. We have been focused on expanding our reach into new hospitality markets for PAR with new product offerings that allow us to leverage our existing infrastructure and enhance our recurring revenue streams," CEO Ronald J. Casciano said in the release. "Brink has a great reputation as an innovator and this acquisition will allow PAR to diversify and strengthen our position in the hospitality markets."
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