PAR - PAR Technology Sells Government Segment For $102M Doubles Down on Restaurant Tech | Benzinga
PAR Technology Corporation (NYSE:PAR) disclosed the sale of its Government segment, including subsidiaries PAR Government Systems Corporation and Rome Research Corporation, for $102 million.
The company stated that it has completed the sale of all equity interests in PGSC to Booz Allen Hamilton Holding Corporation (NYSE:BAH), with the transaction finalized on June 7.
PAR had entered into a deal to sell RRC to NexTech Solutions Holdings, LLC (NTS). Under this agreement, NTS will ...