Savneet Singh
- CEO at PAR Technology
GetLatka interviews
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.”
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.”