Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up about 25%.
Restaurant tech company Par Technology could become a dominant force after its acquisition of guest engagement platform Punchh, Panera Bread founder Ron Shaich told CNBC’s Jim Cramer on Wednesday. “This company has the potential to really dominate in enterprise-class restaurants offering what is the holy grail of technology in this industry, which is essentially unified commerce,” Shaich, who is joining Par as a board observer, said on ” Mad Money.” “With this acquisition, we’re bolting it together,” Shaich said. “The reality is that this is one of the most powerful opportunities that exist in restaurant technologies.
