PAR Springer-Miller Systems Names Pegasus Solutions As Preferred Central Reservations Provider

Stowe, VT — June 26, 2012 — PAR Springer-Miller Systems, Inc. (PSMS) — a wholly owned subsidiary of PAR Technology Corporation (NYSE:PAR) and the leading provider of guest-centric hospitality management systems – today named Pegasus Solutions as a preferred central reservations  provider in the ATRIO Platform Partner Exchange (APPX). This partnership provides for very tightly coupled integration between Pegasus’ RezView NG central reservations system and the new ATRIO® Guest Experience Management platform.

APPX represents a comprehensive program based on a shared commitment to bring greater value to the industry through more tightly integrated technologies and services, expanded capabilities, and an unsurpassed customer satisfaction philosophy. The innovative design of the ATRIO hospitality technology platform includes an Enterprise Service Bus (ESB) in a loosely coupled n-tier architecture that enables an entirely new level of systems integration, unmatched in the industry today. 

By pursuing a ‘Hotel-in-the-cloud’ integration strategy, PAR Springer-Miller and Pegasus will deliver a true competitive advantage for hoteliers. This combination of the world class services of PAR Springer-Miller and Pegasus will leverage the continued investments in innovative solutions that both companies are delivering to the industry.

“RezView NG was designed from the ground-up to enable true integration with property management systems (PMS) and other applications. Integration with ATRIO will allow hotel companies to leverage RezView NG’s sophisticated rate and inventory functionality on property as well as through all distribution channels,” said Steve Lapekas, chief information officer for Pegasus Solutions. “Collaborating closely with PAR Springer Miller, we can tailor this solution to meet the critical business needs of our mutual customers.”

The APPX program expands the existing relationship between PAR Springer-Miller and Pegasus Solutions by offering closer collaboration from product development and integration, to deployment and customer support. Both companies recognize that this collaboration represents an opportunity to exceed customer expectations and fulfills a growing need within the industry for greater vendor cooperation.         

“We’re delighted with our new relationship with Pegasus. We believe that integrating RezView NG and ATRIO will make an unassailable combination of technology and services that raises the bar for innovation in our industry. Pegasus and PAR Springer-Miller have a long history of leadership in the global hospitality technology industry and I’m certain this initiative will reinforce our commitment to helping our mutual clients drive revenue growth, improve profitability and operating efficiency, and enable a wave of innovative guest services,” commented Larry Hall, President and CEO, PAR Springer-Miller.

 

About Pegasus Solutions

Pegasus Solutions is the world’s lead provider of technology and services to hotels and travel distributors, serving nearly 100,000 hotels around the globe, and the majority of the world’s travel agencies. Offering award-winning solutions for booking, distribution, and commission processing services, Pegasus also offers a full array of strategic online marketing solutions and accommodation booking options through its Open Hospitality division. The company also delivers hotel marketing representation services through Utell® Hotels & Resorts, and powers the niche consumer website www.hotelbook.com™, which is dedicated to promoting independent and boutique hotels worldwide. Through its widely followed monthly data report The Pegasus View, Pegasus is also recognized as the only hospitality company to report regularly on both business and leisure bookings, for which it was awarded a Stevie Award in 2011.

Pegasus has 22 offices in 12 countries, including regional hubs in Dallas, Frankfurt, London, Madrid, New York, Sao Paulo, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com, www.openhospitality.com, or www.utell.com.

About PAR Springer-Miller Systems

Since 1984, PAR Springer-Miller Systems, Inc. has earned its reputation as the experts in the operation and development of guest-centric hospitality technology systems. The company’s pioneering SMS|Host® Hospitality Management System set the standard in guest-centric property management systems. The company also offers SpaSoft®, a dynamic activities management/scheduling software solution, specifically designed to meet the unique needs of resorts, day spas, medi-spas and health clubs. Boasting some of the world’s most exclusive resorts and hotels as customers, the company is now revolutionizing the industry with the ATRIO Hospitality Technology Platform. ATRIO is moving hospitality to The Cloud, a new user experience and to a new business paradigm. Learn more at ATRIO.com.

About PAR Technology Corporation

PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for over 30 years. Today the Company’s extensive offerings include technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR’s global service network. The Company has over 50,000 installations in 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s website at www.partech.com.