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Savneet Singh

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How PAR Technology Reached $450M Revenue and $2B Market Cap While Growing 25% Per Year (Interview with CEO Savneet Singh)

Savneet Singh (CEO of PAR Technology) spoke to Nathan Latka on September 5, 2024.

PAR Technology figures from the interview

Total Revenue
$450M
Software Revenue
$260M
Market Cap
$2B
Revenue Growth
25% per year
Largest Customer Deal
$23M per year
“We're now making money, which is which is crazy.”
“The software has sort of grown, you know, forty, fifty x during that period of time.”
“We haven't grown our operating expenses in almost two years. Yet we've grown our revenue 25% a year over those periods of time, so way well over doubled.”

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How PAR Technology Went From Under $10M ARR to Landing a $23M ARR Deal With One Customer (Interview with CEO Savneet Singh)

Savneet Singh (CEO of PAR Technology) spoke to Nathan Latka on March 28, 2024.

PAR Technology figures from the interview

ARR at CEO Takeover (2018)
<$10M
Software Revenue (2021 peak)
$30M
Peak Valuation (2021)
$2B
Largest Single Customer ARR (2023)
$23M
ARR per Share (2024)
$6
“We have less than $10,000,000 in the balance sheet, and we're a public company.”
“So we we were actually founded fifty six years ago. So well before any of the management team was born. And we were originally a defense contractor. We sold IT services at the Department of Defense. Our company was called Pattern Analysis Recognition. We were Palantir before Palantir, so we're a little bit ahead of our time. Fast forward, in 1978 our founders invented the point of sale terminal, that's the device that you see the McDonald's cashier banging on.”
“You got to listen to your customers. I mean, I think business is a bunch of logical decisions oftentimes and you've got to have particularly enterprise software is different. If you're Apple and you're Steve Jobs, you got to predict the future and tell people where they're going. But enterprise software, there's a little bit of that but it's a lot more of listening to the needs of your customers.”

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Company

PAR Technology

New Hartford, United States · Founded 1968

Revenue
$356M
Team size
1.7K

Company profile →CEO interview →

Also at PAR Technology