Philadelphia Commerce Tech Company Stuzo Has Been Acquired For $190 Million

A little over a decade after Stuzo’s founder got the commerce tech company back from his first buyer, it’s been sold again — this time for $190 million.

The Philly-based software provider on Monday was acquired by PAR Technology Corporation.

New York-based PAR first reached out last September, according to CEO and founder Gunter Pfau, to indicate interest in Stuzo, which offers a loyalty engagement platform used by convenience stores and gas stations.

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