Business
Lightspeed to acquire Vend to power global retail expansion
Lightspeed to acquire Vend to power global retail expansion Canada NewsWire ...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed to acquire Vend to power global retail expansion\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 \n \n \n Omnichannel commerce leader grows customer base by more than 20,000 customer locations worldwide, entrenches leadership position in\n \n Asia-Pacific\n \n \n \n \n \n MONTREAL\n \n ,\n \n March 11, 2021\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 entered into a definitive agreement to acquire\n \n \n VendLimited\n \n \n (Vend), a cloud-based retail management software company. The acquisition strengthens Lightspeed's global retail base and reinforces the company as a premier omnichannel retail platform worldwide for high-performing small and medium-sized businesses.\n \n \n \n \n \n \n \n \n \n The acquisition also builds on Lightspeed's foothold in\n \n Asia-Pacific\n \n , approximately doubling the company's customer base and expanding its retail footprint in that region. The combination of Lightspeed with the talent and technology of Vend, widely acknowledged as providing one of the foremost retail products on the market, will help to further growth by ultimately providing the Vend customer base access to the company's broader commerce solutions, such as\n \n \n Lightspeed Payments\n \n \n ,\n \n \n Lightspeed eCommerce\n \n \n ,\n \n \n Lightspeed Loyalty\n \n \n , as well as future access to the\n \n \n Lightspeed Supplier Network\n \n \n .\n \n \n Subsequent to the closing of the acquisition, Lightspeed will serve as the technology partner of choice for over 135,000\n \n 1\n \n customer locations\n \n ...