Retailing Industry Technology Strategist to Lead Software Development and Help Drive the Company’s Boundless Hospitality Vision and Strategy
New Hartford, NY – May 6, 2010 –ParTech, Inc., a company 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, spa and retail industries, today announced it has appointed Scott Langdoc, retailing industry technology visionary and strategist, as its new Chief Technology Officer (CTO) reporting to Ed Soladay, President, ParTech, Inc. Mr. Langdoc is responsible for providing the technology vision for PAR, leading the software development and governance groups and will work closely with the PAR marketing, global product organization and strategic alliances groups on solution strategies. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PTC).
Mr. Langdoc brings a broad and deep industry perspective to PAR with more than 20 years of information technology experience, including roles as a Chief Information Officer (CIO) at a large retailer (Raley’s), CTO at a major retail IT vendor (Fujitsu), and as global leader of two different retail analyst firms (AMR Research, now a part of Gartner, and IDC). Prior to joining PAR, Langdoc was founder and chief strategist at RetailCENTRIC, a unique strategic consultancy and advisory firm for retailers and industry IT vendors worldwide. Previously, Langdoc held the position of CTO for Fujitsu Transaction Solutions where he had P&L responsibility for Fujitsu’s retail software operations including product development for enterprise point-of-sale (POS).
“Scott’s extensive technology experience, retail industry vision, and pragmatic approach will be a tremendous asset to our leadership team,” said Mr. Soladay. “Scott will be instrumental in driving innovative software solutions and process improvements to help PAR transform retailing and the consumer experience. We will also benefit from Scott’s compelling contributions to the continued rollout of our software-centric Boundless Hospitality™ vision and strategy.”
“The hospitality industry is experiencing dramatic shifts in customer expectations that are driving a new set of requirements for hospitality operations and PAR is well positioned to benefit from this changing environment,” said Mr. Langdoc. “PAR’s Boundless Hospitality initiative is delivering customer-facing and enterprise technology that improves both top-line and bottom-line performance. I look forward to building on the company’s momentum by continuing to develop innovative technologies that improve the customer experience and operator profitability.”
PAR’s Boundless Hospitality initiative addresses the rapidly changing consumer behaviors and the evolving operator requirements in the hospitality industry. This market shift and new customer perspectives require hospitality companies to be nimble in responding to changing demand patterns while providing a more personal, immersive customer experience. Broad revenue and profit growth are possible for those operators who recognize that the rules have changed by combining an agile business strategy with the latest supporting technology to be at the heart of, and stay ahead of, these changes. The Boundless Hospitality initiative includes new solution offerings and an integrated partner program focused on enhancing hospitality technology’s ability to help operators solve key new industry challenges and adapt to sweeping changes in consumer behavior. For more information on PAR’s Boundless Hospitality initiative, visit: www.boundlesshospitality.com.
ABOUT PAR TECHNOLOGY
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 almost 30 years. Today the Company’s extensive offering includes 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 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 over 50,000 installations in more than 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and various federal agencies. Through PAR Logistics Management Systems, the Company is a provider of best-of-breed integrated solutions for shipping asset management and tracking. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s website at www.partech.com.