Par Technology Not Interested in Acquiring Olo.

Par Technology's CEO stated on a Q2 earnings conference call that the company is not bidding for Olo, citing potential synergies but opting to maintain its current market position.

PAR Technology (NYSE:PAR), a leading provider of point-of-sale (POS) and cloud-based solutions for restaurants, has announced that it will not be bidding for Olo Inc. (NYSE:OLO). This decision was made during a Q2 earnings conference call, where PAR Technology's CEO, Savneet Singh, cited potential synergies between the two companies but expressed confidence in PAR's current market position [1].

The announcement comes after Olo disclosed that it had received an unsolicited offer of $13 per share from an unidentified party, following a planned sale to private equity firm Thoma Bravo at $10.25 per share [1]. Despite the potential for synergies, PAR Technology has chosen to maintain its focus on its existing operations and growth strategies.

In its Q2 earnings call, PAR Technology reported a 44% year-over-year increase in total revenue to $112.4 million, driven primarily by subscription service revenues and hardware acceleration. However, the company acknowledged that its POS business was progressing more slowly than initially forecasted, impacting short-term revenue in POS and payments for fiscal Q2 2025 [2].

PAR Technology's CEO, Savneet Singh, guided organic ARR growth to the "mid-teens" percent for 2025 due to delayed POS and payment rollouts, indicating a strategic decision to prioritize global tier one opportunities by pausing task POS implementation revenue until Q1 2026 [2].

The company's cash position as of June 30, 2025, stood at $85 million, and management expects positive operating cash flow for the remainder of 2025. Despite the setbacks in the POS segment, PAR Technology's subscription services continue to fuel organic growth, representing 64% of total revenue in fiscal Q2 2025.

PAR Technology's focus on global expansion and strategic partnerships, rather than acquiring Olo, reflects its confidence in its current market position and growth trajectory. The company's decision to defer task POS rollouts and prioritize global tier one opportunities underscores its long-term strategic vision.

References:
[1] https://seekingalpha.com/news/4482819-par-technology-says-not-bidding-for-olo
[2] https://www.mitrade.com/insights/news/live-news/article-8-1025269-20250809