New Hartford, NY – August 5, 2010 – ParTech, Inc. (PAR) today announced it has appointed Mike Todd as Vice President – Americas’ Sales reporting to Tim Votaw, Senior Vice President of Sales and Marketing, ParTech, Inc. Todd will provide leadership to PAR’s sales and channel teams in the Americas. PAR is transforming the hospitality technology sector with its Boundless Hospitality™ vision that is delivered through game-changing software, hardware, and service solutions for the restaurant, hotel, entertainment, spa, and retail industries. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE:PTC).
Todd has more than 30 years experience leading high performing teams in the retail solutions industry with a focus on new business development and channel management. Todd’s career started in the cash register business in 1981 where he was quickly promoted into sales management and executive roles. The past 20-plus years, Todd has held executive level positions at leading providers of hardware, software and services to the retail point-of-sale (POS) and enterprise solutions markets.
“Mike’s strong leadership skills, industry knowledge and customer relationships will be instrumental in helping our customers meet their technology needs with the right solutions,” said Tim Votaw. “His extensive industry experience will be valuable as PAR continues to expand its presence in the marketplace. Our continued strong growth demonstrates the strength of our existing sales team and the addition of Mike will enhance our capabilities and accelerate our growth.”
“PAR has great momentum and is well positioned for continued growth,” said Mike Todd. “The comprehensive PAR EverServ™ solutions portfolio is very compelling. It’s an exciting time at PAR and I’m thrilled to join the team. I look forward to building upon PAR’s success by driving growth in new business.”
Prior to joining PAR, Todd was chief executive officer (CEO) at MATRA Systems, Inc. During his tenure as CEO, his leadership helped the company double its sales in three years. In his role, he oversaw engagements in the Americas, Europe and Asia, from commercial closure to implementation, and assembled a professional sales and implementation team while defining the company’s marketing and branding plan. Prior to MATRA Systems, Todd was Vice President of Sales and Marketing at Torex Retail, Americas and Vice President of Sales at Agilysys, Keylink Division, Retail Solutions.
Previously, during his 22 years at Kyrus Corp., Todd held President and Executive Vice President positions in three separate divisions. Kyrus Corp (previously MidSouth Data Systems) was acquired by Agilysys in 2003. In his most recent role at Kyrus as Executive Vice President of Kyrus Distribution and Partner Division, Todd started a new business group which was IBM’s second POS distributor and increased revenues from zero to $45 million in six years.
Todd holds a Bachelor of Science degree in Business Administration with a focus on Marketing and a minor in Psychology from the University of Tennessee, Knoxville.
About ParTech, Inc.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation, has built its more than three decades of success around delivering advanced point-of-sale and enterprise back-office solutions for restaurant operators worldwide. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for more than 30 years. The Company’s extensive offerings are backed by PAR’s global service network and its Boundless Hospitality™ vision for enhancing restaurant operations in a new era of dining out. The Boundless Hospitality vision drives the development of game-changing solutions, and is supported by a partner ecosystem that accelerates innovation more quickly than possible for any single company working independently. The Company has more than 50,000 installations in 110 countries worldwide. In addition to solutions for the restaurant industry, PAR products are improving the customer experience in retail, including the cruise, hotel, casino and entertainment industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s Web site at www.partech.com.