Business
Lightspeed to Acquire ShopKeep to Accelerate Digital Transformation of SMBs Across the United States
Lightspeed to Acquire ShopKeep to Accelerate Digital Transformation of SMBs Across the Un...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed to Acquire ShopKeep to Accelerate Digital Transformation of SMBs Across the United States\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Nov. 5, 2020\n \n \n \n \n \n Landmark deal by global, cloud commerce leader grows Lightspeed's U.S. footprint by more than 20,000 customer locations following listing on the New York Stock Exchange\n \n \n \n \n MONTREAL\n \n ,\n \n Nov. 5, 2020\n \n /CNW Telbec/ -\n \n \n Lightspeed POS\n \n \n Inc\n \n \n . (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire\n \n \n ShopKeep\n \n \n Inc\n \n \n . (ShopKeep), a leading cloud commerce platform provider based in\n \n New York City\n \n . This acquisition reinforces Lightspeed's status as a clear category leader for complex retailers and restaurateurs seeking to modernize their operations as the global economy undergoes unprecedented digital acceleration.\n \n \n \n \n \n \n \n \n \n COVID-19 is forcing independent businesses to urgently replace legacy point-of-sale systems in order to remain operational and safely adapt to evolving consumer behaviors. The scale achieved by the combination of Lightspeed and ShopKeep presents retail and restaurant business owners in\n \n the United States\n \n with enhanced resources to pivot their operations. Lightspeed's analytics, loyalty, eCommerce, and payments modules, in addition to its multi-location solution, will offer ShopKeep's customer base the opportunity to enhance their capabilities.\n \n \n The acquisition immediately expands Lightspeed's U.S. market share, allowing for incr...