Industry News | January 7, 2009

Management Changes at PAR Technology

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PAR Technology Corporation announced today the appointment of A. Edwin Soladay as President of ParTech, Inc., the company’s largest wholly owned subsidiary and a leading provider of I/T solutions to the hospitality industry.

In this role, Soladay will be responsible for expanding the company’s restaurant technology business by growing capability in the U.S. and international markets.

Soladay comes to PAR from Fujitsu Transaction Solutions, a wholly owned subsidiary of Fujitsu Limited, where he served as chief operating officer.

Fujitsu Transaction Solutions is a “solutions” company focused on the Retail POS market.

The solutions include application software, point-of-sale hardware technology, self-service systems and multi-vendor lifecycle services.

Prior to joining Fujitsu, Soladay served as president of CRS Retail Systems, a large software company specializing in POS, back office and business intelligence software for the retail market.

CRS systems are installed in more than 20,000 retail outlets in over 30 countries.

Soladay brings to PAR experience in the operation of technology companies engaged in the creation, deployment and support of complex solutions comprised of enterprise software, hardware and services.

Soladay replaces Gregory T. Cortese in that position with ParTech, Inc.

PAR also announced today the appointment of Gregory T. Cortese to the position of executive vice president in the newly formed Office of the Chairman.

The Office of the Chairman will be responsible for the strategic direction and the oversight of the operation of all entities of PAR Technology Corporation (PTC) and will be staffed by four officers: Dr. John W. Sammon will continue as chairman & CEO of the company. Joining Cortese, and reporting to Sammon, will be Charles A. Constantino, newly appointed vice chairman of PAR’s Board of Directors and Ronald J. Casciano, vice president, chief financial officer and treasurer.

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