Burger King Corporation Selects PAR Technology As Approved Global System Technology and Services Provider.NEW HARTFORD New Hartford is the name of several towns in the United States:
ParTech, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PAR Technology Corporation (NYSE NYSE See: New York Stock Exchange :PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. ), and a leader in technical hospitality solutions for hotels and restaurants, announced today that they have successfully completed Burger King Corporation's technology and software Vendor Approval Process. As an approved vendor, PAR is allowed to market and sell their restaurant management technology solution--including their next generation hardware platform, ViGo(TM), and InFusion(TM) software suite and services-- to the entire BURGER KING(R) system, including franchised restaurants. PAR has achieved approved status by proving their ability to manage the entire restaurant operation utilizing their software and hardware product offerings. This includes the front-of-store order processing application, InTouch, backoffice or manager workstation, InForm, and the enterprise, above restaurant application, InQuire in·quire also en·quire v. in·quired, in·quir·ing, in·quires v.intr. 1. To seek information by asking a question: inquired about prices. 2. . The Vendor Approval Process is an expansion of Burger King Corporation's comprehensive, proactive and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. program designed to help their restaurants be as efficient as possible and improve speed of service and overall guest satisfaction. "This is an outstanding opportunity for PAR. To be approved by Burger King Corporation as a global technology vendor in hardware, software and services to their restaurants, allows us to offer owner/operators the tools and expertise they need to more efficiently run their stores," said Greg Cortese, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of ParTech, Inc. "This approval recognizes the effectiveness of our solutions and the capability of our direct sales and service organization that includes our award winning 24x7 support center and field technicians throughout the U.S. all staffed and managed by PAR personnel." Jonathan Fitzpatrick, Vice President IT Americas of Burger King Corporation, commented, "PAR is a proven, full-function solution provider that we confidently recommend to our owner/ operators. PAR has earned a solid reputation for hospitality technology innovation that includes industry leading hardware in their reliable and innovative ViGo terminal. Intuitive and feature rich software with their InFusion suite of applications and excellent award winning customer service among the thousands of restaurants that have achieved improved efficiency and effectiveness with PAR's restaurant technology." Fitzpatrick went on to say, "We are very pleased to offer PAR's solution to the restaurants in the BURGER KING family to enhance their customer service by managing operations and realizing efficiencies through improved utilization of resources and ultimately improving their bottom line." ABOUT BURGER KING CORPORATION The BURGER KING(R) system operates more than 11,000 restaurants in all 50 states and more 50 countries and territories worldwide. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees, many of them family owned operations that have been in business for decades. Burger King Holdings Inc., the parent company, is private and independently owned by an equity sponsor group comprised of Texas Pacific Group, Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. and Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Capital Partners. ABOUT PAR TECHNOLOGY PAR Technology Corporation is a leading provider of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and enterprise business intelligence technology solutions. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The Company is the world's largest supplier of Point-of-Sale systems to the quick service restaurant market with over 40,000 systems installed in more than 100 countries. PAR is also a leader in providing computer based system design and engineering services to the Department of Defense and other Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol PTC. More information can be found on the Company's website at www.partech.com. |
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