Business
Lightspeed Announces Acquisition of Upserve to Further Omnichannel Revolution of American Restaurant Industry
Lightspeed Announces Acquisition of Upserve to Further Omnichannel Revolution of American...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed Announces Acquisition of Upserve to Further Omnichannel Revolution of American Restaurant Industry\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n \n \n \n \n \n \n Strategic deal grows Lightspeed's mid-market hospitality footprint, adding over\n \n $40 million\n \n in revenue and boosting overall GTV to more than\n \n $39 billion\n \n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 1, 2020\n \n /CNW Telbec/ -\n \n Lightspeed POS Inc.\n \n (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has acquired\n \n \n \n \n Upse\n \n \n rve\n \n \n Inc\n \n \n .\n \n \n , a leading restaurant management cloud-software company based in\n \n Rhode Island\n \n and a Vista Equity Partners portfolio company. The acquisition strengthens Lightspeed's position as an industry leader with high-performing restaurateurs across\n \n the United States\n \n as those restaurants refine the digital dining experience.\n \n \n \n \n \n \n \n \n \n The union of Lightspeed and Upserve will accelerate product innovation and the advancement of Lightspeed's analytics-driven commerce platform. A convergence of the two companies' teams and technology will provide independent restaurants in\n \n the United States\n \n , from fine-dine to multi-location fast-casual, one of the most competitive hospitality platforms on the market and enable the industry to more easily navigate the new dining needs made permanent b...