Data Central: Tampa-based restaurant software provider acquired in $42M deal

Restaurant Magic, a Tampa-based restaurant software company, has been acquired for $42 million by New York-based PAR Technology Corp. The deal is expected to close by the end of Q4 2019. Restaurant Magic will remain in Tampa with no anticipated change to the name, operations or staff. "Our customers were big enough, demanding things like level one support, which is difficult for a company unless you have some scale," Kevin Rood, director of product management for Restaurant Magic, told the Tampa...