![]() ![]() The acquisition will grow Lightspeed’s U. Find what you need with search or by selecting one of our most popular topics.The acquisition reinforces Lightspeed’s status as a clear category leader for retailers and restaurateurs seeking to modernize operations as the global economy undergoes unprecedented digital acceleration.Founded in 2008, ShopKeep’s point-of-sale platforms are used by more than 20,000 retail and restaurant customer locations nationwide generating a gross transaction volume of approximately $7 billion USD per year Look no further, click on Start chat below to connect with a live support agent.The acquisition is valued at approximately $565 million in total consideration, comprised of $145.2 million in cash and the issuance of 7,437,397 subordinate voting shares in the capital of Lightspeed, based on the closing price of Lightspeed stock on November 23, 2020.On November 5, 2020, Lightspeed, a leading provider of cloud-based, omnichannel commerce platforms, announced it has entered into a definitive agreement to acquire ShopKeep Inc., a cloud commerce platform provider based in New York City.“ShopKeep’s commitment to enabling independent businesses to dream big and rise above industry and economic challenges is deeply aligned with our own mission to power the future of commerce,” said Lightspeed CEO Dax Dasilva. The software also works with third-party platforms for additional marketing, customer loyalty, and employee management capabilities. Its cloud-based software lets businesses manage inventory and marketing, monitor sales, manage employees, and process payments. Lightspeed offers specialized point-of-sale systems for restaurants, retail, and e-commerce operations. Cloud-based POS systems allow business owners to access their. ![]() Both Lightspeed and ShopKeep develop POS technology for small and medium sized businesses, with portfolios geared toward retailers and restaurants. ShopKeep by Lightspeed is a cloud-based POS system for both retail and restaurant businesses. Lightspeed said the acquisition will accelerate its growth as an emerging category leader following its recent initial public offering. Point-of-sale vendor Lightspeed is acquiring rival ShopKeep in a $440 million deal that signals further consolidation in the industry. ![]() The following excerpt from a ZDNet article reports more on the topic: This deal will bulk up the size of Lightspeed and provide more competition to big players such as Fiserv’s Clover and also Square. On this page, existing Lightspeed Retail POS (S-Series) account holders and customers can log into their BackOffice to add inventory, setup permissions, update their settings, and manage their store. Free Returns & Exchanges If you don’t love your products, no problem. Refurbished hardware is covered for 90 days. ShopKeep’s software solutions add business tool features helping shop owners with operational details such as data analytics and inventory management. If any new hardware product purchased from the ShopKeep by Lightspeed Store fails to function under normal use within 1 year of purchase, we will send you a replacement product. ![]() Payment Processing Operational BackOffice Operational Operational Support Operational Integrations Operational 60 days ago 99.97 uptime Today Past Incidents No incidents reported today. ShopKeep’s sweet spot is the small to medium retail and restaurant sector that uses its iPad-based checkout system. Lightspeed Retail POS (S-Series) Uptime over the past 60 days. The latest finds Lightspeed acquiring ShopKeep in a medium-sized deal that combines two players in the retail POS market. Payments industry M&A activity marches on. ![]()
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