PAR Technology & Envysion Join Forces To Reshape Loss Prevention Methods

Industry pioneers team up to provide integrated video and
point-of-sale solutions to revolutionize loss prevention for the
restaurant industry

NEW HARTFORD, N.Y.–(BUSINESS WIRE)–ParTech,
Inc.
(PAR), a leading global provider of point of sale (POS) and
workforce efficiency solutions to the restaurant and retail industries,
announced today a new partnership with Envysion
to set a new standard for loss prevention strategies in the restaurant
business.

ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation
(NYSE: PAR).

Launched in 2006, Envysion’s award-winning video solution provides
business operators instant insight, using video surveillance as a
strategic tool for every aspect of a restaurant business. When combined
with POS and other data gathered by PAR’s systems, the Envysion and PAR
integration makes it easy for restaurant owners and operators to review
in-store operations any time, from any location, and to enable quicker
analysis and resolution.

For nearly 40 years, PAR has offered some of the industry’s most
advanced and popular point of sale systems, including cloud-based POS
solutions that help uncover stolen tips, credit card fraud, inventory
shrinkage, and more. Envysion’s Managed Video Solution brings real-time
visibility to POS transactions to reduce loss from employee theft or
fraud, and even poor operational standards that result in food waste and
other profit-killing mistakes.

“The best loss prevention programs in restaurants today require a close
relationship between data and video. Using video to verify exceptions,
transactions, and other incidents brings new clarity and decisiveness to
a business operator,” says Kevin Milner, Director of Audit Programs at
Envysion. “The integration of Envysion’s video solution to PAR’s POS
system helps our mutual clients actively stop theft all from within the
workflow they are used to.”

“We are excited to add Envysion to our large ecosystem of partners,”
said Paul Rubin, Chief Strategy Officer, ParTech, Inc. “The Envysion
network acts as “the eyes behind” all business data—including POS,
business intelligence, accounting, operations, environmental, and
security—empowering restaurants and food distributors to verify their
data and make sound decisions within the invaluable context of video,
all while saving time and money. PAR’s customers will greatly benefit
from the added protection and seamless integration into existing
workflows that the Envysion solution provides.”

Together, the PAR and Envysion forward-thinking approach to cloud-based
data and integration of video with POS is revolutionizing loss
prevention, where employee
theft in the restaurant industry is estimated to cost between $3-$6
billion
.

ABOUT ENVYSION

Envysion® is a leading provider of managed video and loss prevention
solutions that enable restaurant and retail operators with instant and
actionable insights for increasing profitability through broad
utilization of powerful video-driven business intelligence. Envysion®
has transformed video surveillance into a strategic management tool that
provides instant and unfiltered business insights to users across
operations, loss prevention, marketing and human resources. Envysion’s
award winning platform quickly scales to 1,000s of locations and 10,000s
of users without straining the IT department or network. http://www.envysion.com

ABOUT PAR TECHNOLOGY CORPORATION

PAR Technology Corporation’s stock is traded on the New York Stock
Exchange under the symbol PAR. PAR’s Hospitality segment has been a
leading provider of restaurant and retail technology for nearly 40
years. PAR offers technology solutions for the full spectrum of
restaurant operations, from large chain and independent table service
restaurants to international quick service chains. Products from PAR
also can be found in retailers, cinemas, cruise lines, stadiums and food
service companies. PAR’s Government Business is a leader in providing
computer-based system design, engineering and technical services to the
Department of Defense and various federal agencies. For more
information, visit https://www.partech.com
or connect with PAR on Facebook
and Twitter.

Contacts

ParTech, Inc.
Christopher R. Byrnes, 315-738-0600 ext. 6226
cbyrnes@partech.com