fbpx

March 11, 2021Blog Posts

Lightspeed to acquire Vend to power global retail expansion

Lightspeed

Lightspeed POS Inc., a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire VendLimited (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.

The acquisition also builds on Lightspeed’s foothold in Asia-Pacific, 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 Lightspeed PaymentsLightspeed eCommerceLightspeed Loyalty, as well as future access to the Lightspeed Supplier Network.

Subsequent to the closing of the acquisition, Lightspeed will serve as the technology partner of choice for over 135,0001 customer locations2 worldwide as small and medium-sized businesses increasingly turn to the company’s innovative, cloud-based platforms ahead of highly-anticipated economic reopenings in both the retail and hospitality industries. Building on the landmark acquisition of ShopKeep, Lightspeed intends to leverage Vend’s complimentary modern technology stack and user experience capabilities to continue to deliver the most advanced commerce capabilities to retailers around the world.

Lightspeed POS Inc. (CNW Group/Lightspeed POS Inc.)

Source

Want updates like this delivered weekly?

TransactionWatch is a weekly newsletter covering the most important and relevant merchant acquiring M&A activity. This first-of-its-kind newsletter was developed for the world’s cutting-edge payments executives. See an example edition.

How Do I Sign Up?
Click here to visit the TransactionWatch landing page and complete the subscription form. You will receive a confirmation email and begin to receive TransactionWatch every Friday.

  • Share this post: