2024-05-01 07:20:00 ET
Summary
- After announcing acquisitions of Stuzo and TASK simultaneously in March, the company looks to be on a path for run-rate ARRs to approach $300M later this year.
- The two deals look like a masterstroke of capital allocation for CEO Savneet Singh.
- Equally noteworthy, today the company also trades at a little more than half the multiple of ARR as most of its peers.
The following segment was excerpted from this fund letter.
PAR Technology Corporation (PAR)
PAR Technology’s Brink segment is getting bigger.
When discussed in our last quarterly letter , the segment looked poised to grow to over $150M later this year in annual recurring revenue ('ARR'), from $20M four years ago, with announced deals in the pipeline further putting the segment on a path towards a $200M run rate next year....
Read the full article on Seeking Alpha
For further details see:
Choice Equities - Par Technology: Emerging As The Winner-Take-Most