BNET Industries

Par Technology Corp.

(PTC) is in the Manufacturing Industry

Market Cap:$93.0M
Last Fiscal Year Sales:$209.4M
  • Public
  • US
Dow Jones Description

PAR Technology Corporation operates two wholly owned business units: ParTech, Inc. and PAR Government Systems Corporation. ParTech, Inc. is the industry leader in systems and service solutions for the hospitality industry. We offer technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR's global service network. With point-of-sale systems in more than 50,000 restaurants in over 105 countries, PAR is redefining the point of sale to bring technological innovation to all corners of the enterprise. We have expanded our product line to include ingenious solutions for back office, operational reporting, wireless ordering and payment, kitchen management and food safety. Our software is complemented by reliable hardware and is backed by Par's international services infrastructure. We are also a leading global provider of hospitality management solutions for enterprises such as city-center hotels, destination spa and golf properties, timeshare properties, cruise ships, and casino resorts. The PAR Hospitality Management System is distinguished by its integrated design and genuinely unique approach to guest service. The SMS|Host product suite, including more than 20 seamlessly integrated, guest-centric application modules, provides hotel or resort staff with the tools they need to personalize service, exceed guest expectations, and increase revenue. ...

CEO & PresidentGregory T. Cortese
Number of Employees 1,398
Contact Information

8383 Seneca Tpke

New Hartford, New York 13413-4991

partech.com

(315) 738-0600

NAICS Code Office Machinery Manufacturing: 333313

Recent Events

  • PAR Tech thrives during tough times

    5/01/09 - Financial Announcement - View Story

  • SUBWAY Restaurants Selects ParTech, Inc. to Provide In-Store Technology and Services

    3/31/09 - Licensing / Contract - View Story

  • PAR Technology Corporation Reports Fourth Quarter Results

    2/12/09 - Financial Announcement - View Story

  • PAR Technology Corporation Announces New Management Appointments

    1/06/09 - Mgmt. Change Entering - President - View Story

News & Analysis

par technology corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Gregory T. Cortese CEO & President
Kevin R. Jost President of Honeywell Imaging and Mobility
Steve Lynch President of Par's Government Operations
Ron Casciano Vice President, Cfo, Treasurer
Charles A. Constantino Executive Vice President
Christopher Byrnes Vice President of Business & Investor Relations
Jay Weber Vice President of Customer Service
Steven Leo General Manager, Australasia
Bob Evans Managing Director
Tiffani Temple Administrative Assistant, Investor Relations
Sanibel Harbour Proud Member

Board of Directors

Name (plus bio) Position
John W. Sammon Chairman, President and Chief Executive Officer
James A. Simms Board of Directors
Paul D. Nielsen Board of Directors
Richard J. Nagel Board of Directors
Sangwoo Ahn Board of Directors

Mr. Gregory T. Cortese was named President, ParTech, Inc. in June 2000 in addition to General Counsel and Secretary of PAR Technology Corporation. Previously, Mr. Cortese was the Vice President, Law and Strategic Development since 1998.

Organization Position Status
PAR Technology Corporation CEO & President Current

Dr. John W. Sammon. Dr. Sammon is the founder of the Company and has been the President, Chief Executive Officer and a Director since its incorporation in 1968. He was elected Chairman of the Board in 1983. Dr. Sammon also currently holds various positions with other subsidiaries of the Company. Dr. Sammon is a member of Class III of the Company's Board.

Organization Position Status
PAR Technology Corporation Chairman, President and Chief Executive Officer Current
PAR Technology Corporation Chairman, President and Chief Executive Dr Current
PAR Technology Corporation Founder Current
PAR Technology Corporation Board of Directors Former
Organization Position Status
PAR Technology Corporation President of Honeywell Imaging and Mobility Current
PAR Technology Corporation Board of Directors Current
Honeywell Imaging and Mobility Chief Executive Officer Former
Honeywell Imaging and Mobility President Former
Organization Position Status
PAR Technology Corporation President of Par's Government Operations Current
Organization Position Status
PAR Technology Corporation Vice President, Cfo, Treasurer Current
Par Government Systems Corporation CFO Current
PAR Technology Corporation Board of Directors Former
Organization Position Status
PAR Technology Corporation Executive Vice President Current
PAR Technology Corporation Director Current
Adirondack Bank Director Current
Veramark Technologies, Inc. Director Current
Organization Position Status
PAR Technology Corporation Vice President of Business & Investor Relations Current
PAR Technology Corporation Director, Ir Former
PAR Technology Corporation Corporate Communications Executive Former
Organization Position Status
PAR Technology Corporation Vice President of Customer Service Current
Organization Position Status
PAR Technology Corporation General Manager, Australasia Current
Organization Position Status
PAR Technology Corporation Managing Director Current
Organization Position Status
PAR Technology Corporation Administrative Assistant, Investor Relations Current

Vice President, Chief Financial Officer and Secretary of the Corporation since April 14, 2008. Managing Director of Needham & Company, LLC, a privately held, full-service investment banking and asset management firm, from 2007 to April 2008. Managing Director with the investment banking firm of Janney, Montgomery Scott LLC, a wholly owned subsidiary of The Penn Mutual Life Insurance Company, from 2004 to 2007; Managing Director of the investment banking firm of Adams, Harkness & Hill, Inc. from 1997 to 2004. Mr.. Simms is currently a member of the Board of Directors of PAR Technology Corporation, a publicly-held provider of information technology solutions in the hospitality and specialty retail industries, as well as a provider of technical expertise in the development of advanced technology systems, information technology and communications support services to branches of the United States military and other governmental agencies.

Organization Position Status
Vicor Corporation Chief Financial Officer Current
PAR Technology Corporation Board of Directors Current
Vicor Corporation Board of Directors Current
Needham & Company Inc. Managing Director Former
Canaccord Adams Inc. Senior Executive Former
Janney Montgomery Scott LLC Senior Professional Former

Dr. Paul D. Nielsen was appointed a Director of the Company in January, 2006. Mr. Nielsen has been Director and CEO of the Software Engineering Institute ("SEI") at Carnegie Mellon University since 2004.

Organization Position Status
PAR Technology Corporation Board of Directors Current

Richard J. Nagel, Jr., 51, Vice President, Chief Accounting Officer since May 2006. From December 2007 to April 14, 2008, Mr.. Nagel also held the position of Interim Chief Financial Officer. From 2005 to 2006, Mr.. Nagel held the position of Senior Director, Corporate Controller and from 1996 to 2005 Director, Corporate Controller. Prior to joining the Corporation in 1996, Mr.. Nagel was employed by Ernst & Young LLP, an international public accounting firm, serving in a variety of positions from 1982 to 1996, most recently as Senior Manager.

Organization Position Status
Vicor Corporation Chief Accounting Officer & Vice President Current
PAR Technology Corporation Board of Directors Current
Vicor Corporation Interim Chief Financial Officer Former
Vicor Corporation Controller Former
Organization Position Status
PAR Technology Corporation Board of Directors Current
Organization Position Status
PAR Technology Corporation Proud Member Current
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     PTC $26.33 +19.66 (294.75% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 25,323
Shares Outstanding 14.54M
Market Cap 382.8M
Year High 29.98
Year Low 2.75
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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IndustryTop Rated
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