31 July 2014
Lanyon

PAR Technology Corporation (NYSE:PAR) today announced that Todd E. Tyler has been appointed to the Company’s Board of Directors. Mr. Tyler was the Chief Executive Officer, President and member of the Board of Directors at Lanyon, Inc., a leading provider of cloud-based software for the Hotel market. Under his leadership Lanyon grew from a small technology company to an industry leading, cloud-based software company. Mr. Tyler led the sale of Lanyon to Vista Equity Partners in December 2012. In January 2013 Mr. Tyler was recognized by The Business Travel News as one of The 25 Most Influential Executives of 2012. Prior to his time at Lanyon, Mr. Tyler was the Chief Financial Officer, General Counsel and a member of the Board of Directors of a subsidiary of Reliant Energy (NYSE:REI). Currently, Mr. Tyler serves as an Executive member of the Board of Directors of NetDocuments, a cloud-based software company based in Lehi, Utah focused on providing document and email management solutions to the legal industry, and also serves as an advisor to two large private equity firms in evaluating cloud-based software investments.

“I want to welcome Todd to the PAR board and I look forward to working with him”

Mr. Tyler will serve as a member of the Company’s Audit and Compensation Committees and Chairman of the Nominating/Corporate Governance Committees.

“I want to welcome Todd to the PAR board and I look forward to working with him,” said Ronald J. Casciano, PAR’s Chief Executive Officer, President & PAR Board Member. “Todd brings to the board valuable hands-on experience and ideas for emerging platforms in hospitality technology. His experience as an accomplished technology executive and knowledge of cloud-based hospitality software will be highly valued as PAR Technology continues to enhance its offerings around the globe. We look forward to benefiting from his innovative technical experience and forward thinking that will add a unique perspective to PAR’s vision and business strategies.”

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