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ParTech Secures $3.8 Million Service Contract with Burger King Corporation

Strategic Insights

— 1 min read

ParTech, Inc., a wholly owned subsidiary of PAR Technology Corporation, has announced a service contract with Burger King Corporation valued at $3.8 million over the next four years. As part of this agreement, ParTech will serve as the exclusive on-site service integrator for Point-of-Sale (POS) systems and other computer-based equipment in all corporate-owned restaurants in the United States. The selection of ParTech was largely due to their recent ISO 9002 certification within their service organization, which underscores their commitment to quality and customer satisfaction.

Key Takeaways:

  • ParTech will provide on-site service integration for POS systems and other computer-based equipment in all corporate-owned Burger King restaurants in the United States under the new contract.
  • The contract is estimated to generate $3.8 million in revenues for ParTech over the next four years.
  • ParTech's recent ISO 9002 certification within their service organization was a critical factor in their selection by Burger King Corporation.
  • ParTech's field service will prioritize rapid response and restoration of PAR POS systems in all Burger King restaurants, ensuring high service quality.
  • Carol Simicich, Director of MIS Worldwide for Burger King, stated that ParTech was chosen for its expertise as a service integrator and its strong presence in the POS industry worldwide.
  • Bill Francis, ParTech's Vice President of Customer Service, emphasized that the multi-vendor service agreement highlights ParTech's commitment to supporting and servicing their products, as well as other third-party computer-based technical equipment.
  • ParTech, Inc. is a full-function, solutions-oriented company specializing in the design, development, manufacture, sales, and support of transaction processing systems.

Statistics:

  • $3.8 million: estimated revenue for ParTech over the next four years under the service contract with Burger King Corporation.
  • 4 years: expected duration of the service contract between ParTech and Burger King Corporation.
  • 25,000: number of Point-of-Sale systems installed worldwide by PAR Technology Corporation.
  • PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC.

Sources:

  • BUSINESS WIRE, "PAR Technology Corporation Subsidiary, ParTech, Inc. Announces Service Contract with Burger King Corporation" (Nov. 3, 1998)

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