Just wait when this hits meme territory. Lightspeed POS Inc. stock hit a new high Wednesday after the company announced its second $400-million-plus U.S. acquisition in less than a month. "Combining forces with Upserve is a strategic next-step in Lightspeed's vision of providing the most advanced commerce platform to high-performing businesses around the world," said Dax Dasilva, Founder and CEO of Lightspeed. Lightspeed Retail integrates seamlessly with Lightspeed eCom to allow you to sell online. VendLimited is a cloud-based retail management software company that strengthens Lightspeed's. NikNak011392 , 06/18/2021 Lightspeed Announces Acquisition of Upserve. Lightspeed POS Inc., a leading provider of cloud-based, omnichannel commerce platforms, announced it has acquired Upserve Inc., a leading restaurant management cloud-software company based in Rhode Island and a Vista Equity Partners portfolio company. Company Email info@lightspeedhq.com Contact No. Our commitment to independent small businesses remains the same. Lightspeed bought Upserve for $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed. The current standard price for the product is $99/month. With all your data stored on the cloud, you have access from any device, anywhere. On December 1, 2020, Lightspeed POS, Inc. acquired internet software and services company Upserve, Inc. from Vista Equity Partners for 430M USD Acquisition Highlights. Announced Date Dec 1, 2020 Acquisition Type Acquisition Price $430M Acquisition Status Complete The company today announced that it would. Upserve was founded back in 2009 as. Lightspeed Retail features include inventory management, sales analysis, data analysis, payments and customer management. The deal, which will. Lightspeed has acquired in 3 different US states, and 7 countries. Restaurant payments and analytics innovator Upserve is the latest company to be acquired by point of sale (POS) and ecommerce solutions firm Lightspeed. Upserve is now Upserve by Lightspeed. LSPD issued a total of . It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. #innovation #lightspeed | 14 comments on LinkedIn Adoniram Sides on LinkedIn: Lightspeed acquires restaurant software company Upserve for $430M | 14 comments Lightspeed acquires Upserve for $430m techcrunch 165 57 57 comments Best Add a Comment [deleted] 2 yr. ago zammai 2 yr. ago The best part is that nobody online really talks but them. The . Lightspeed, a leading provider of cloud-based, omnichannel commerce platforms, today announced it has acquired Upserve Inc, a leading restaurant management cloud-software company based in Rhode Island. Lightspeed POS, a cloud-based provider of omnichannel commerce platforms, has acquired Upserve Inc., a restaurant management cloud-software company based in Rhode Island. The acquisition strengthens Lightspeed's position as an industry leader with high-performing restaurateurs across the United States as those . The MarketWatch News Department was not involved in the creation of this content. Webcast. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million. Meet Lightspeed's first acquisition in 2021 Late on Thursday last week, Lightspeed announced the acquisition of one of its largest competitors in the retail point-of-sale software space,. Article Related Press Releases (1) Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! Lightspeed Retail features include inventory management, sales analysis, data analysis, payments and customer management. Welcome to the Spumoni's rewards program! Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. Lightspeed Live (K & U) communicates directly with Lightspeed Restaurant (K) and (U) so you can see real-time sales and reporting from your restaurant, wherever you are. The company already offers cloud-based point-of-sale software for restaurants and other businesses. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of . Ajout il y a 24 heures, via Techcrunch Francais, dans High-Tech & Internet. Incredibly excited to see this next step in our journey, and incredibly humbled to have worked with such amazing people on the way. Lightspeed has picked up two more companies in what is shaping up to be an acquisition spree for the Canadian point-of-sale software provider. Lightspeed Retail integrates seamlessly with Lightspeed eCom to allow you to sell online. Presentation. Founded in 2005 with offices in Canada, USA, and Europe, Lightspeed is backed by Accel Partners, iNovia Capital, Caisse de dpt et placement du Qubec (CDPQ) and Investissement Qubec (IQ). Big news in the world of Point of sale providers today as Lightspeed announces that it has purchased the restaurant-specific platform Upserve for more than $400 million. Upserve, a Lightspeed Company 7,590 followers 3y Upserve's data-driven restaurant management platform provides operators with valuable information & insights, including waitstaff performance. Shares rose 4.2% in the extended trading session Read More. Please enable Javascript to use this website. Yes, Upserve is now part of Lightspeed. The $430 million purchase was announced earlier this week, marking Lightspeed's 10th acquisition since it was founded in 2005. Upserve was founded back in 2009 as. The $430 million deal was settled through a cash payment of $123 million and the issuance of shares. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 . The company already offers cloud-based point-of-sale software for restaurants and other businesses. With our recently acquired eCommerce platform SEOshop, Lightspeed is growing into an omnichannel solution for mid-market businesses worldwide. The acquisition builds on Lightspeed's growth momentum following the company's listing on the New York Stock Exchange and the acquisition of ShopKeep, a leading cloud commerce platform provider serving more than 20,000 customer locations(1). Upserve by Lightspeed is still your point of sale provider and all functionality remains the same. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million. Lightspeed acquired Upserve for estimated total consideration of $430m . The acquisition strengthens Lightspeed' s position as an industry leader with high-performing restaurateurs across the United States as those restaurants refine the digital dining experience. The Company's most targeted sectors include internet software and services (64%) and software (28%). Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed's presence in the restaurant industry. Lightspeed Announces Acquisition of Upserve to Further Omnichannel Revolution of American Restaurant Industry Canada NewsWire MONTREAL, Dec. 1, 2020 Strategic deal grows Lightspeed's mid-market. At the end of 12 months, the product will automatically renew at the then-current standard price. Get $25 back for every $300 you spend by joining our free loyalty program.. Join for FREE Lightspeed POS Inc. acquired Upserve Inc., a restaurant management cloud-software company based in Rhode Island and a Vista Equity Partners portfolio company. In the Upserve acquisition, Lightspeed will pay $123 million in cash, along with stock that will bring the total deal size to around . Dec 2, 2020 - Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed's presence in the restaurant industry. CIBC analyst Todd Coupland caled Upserve "a . Acquiring Organization: Lightspeed Commerce Lightspeed is a commerce platform for small and medium business. Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed's presence in the restaurant industry.. The actual functionality is not bad at all but the corporate practices and customer service and pricing are bad. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital. <iframe height="0" src="https://www.googletagmanager.com/ns.html?id=GTM-KSGD8W3" style={{ display: 'none', visibility . It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million. It'll happen eventually and then rocket emojis for days. The Upserve Support Team is still here to assist you 24/7 at help.upserve.com or (855) 664-3887. | Lightspeed POS Inc. acquired Upserve, Inc. for approximately $430 million on December 1, 2020. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital. Montreal's Lightspeed has acquired Upserve, a leading restaurant management cloud-software company based in Rhode Island. Acquirer / Merger Information: LightSpeed POS: Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. Upserve by Lightspeed Virtual POS with Online Ordering is free for first 12 months of contract. Features include a training mode, check split, item hold . Click Subscribe Click the email bar and select your email Toggle on or off Daily, Weekly, Monthly Click Update Subscription Tip: To delete your email address completely, click the X next to your email address. Lightspeed POS acquired U.S.-based Upserve on December 1, 2020. After you subscribe to an Upserve Lightspeed POS report, you can update your subscription at any time. Breadcrumb/Upserve was an industry leader until acquired by lightspeed. What does this mean for me and my business? Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed's presence in the restaurant industry.. Oct 14, 2022 (The Expresswire) -- The Global Touch Screen POS Systems Market Research Report (2022-2028) is a . Under the terms of agreement, Lightspeed paid $123 million in net cash and up to 5,895,365 subordinate. lightspeed will acquire shopkeep for a total estimated consideration of approximately $440 million, satisfied by way of payment on closing of $145.2 million in cash and the issuance of. Upserve by Lightspeed Virtual POS with Online Ordering is free for first 12 months of contract. In the Upserve acquisition, Lightspeed will pay $123 million in cash, along with stock that will bring the total deal size to around $430 million. Tap the Upserve POS App (V2) Enter your 4-digit pin On the Home screen, tap Connected Devices The terminal name will appear next to "This Device" Enter Station Name for V3 On the V3 App "iPad Station Name" screen enter the V2 station name exactly as it appears Tap Done Enabling Bluetooth and Local Network Settings The iOS app version was designed for iPad. With all your data stored on the cloud, you have access from any device, anywhere. Lightspeed POS Acquires Upserve, for $430M. Customers must request cancellation of auto-renewal via email at least 60 days prior to the . The iOS app version was designed for iPad. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiri Both Lightspeed and Nuvei announced new acquisitions on Tuesday. December 1, 2020 05:30 PM ET. The company already offers cloud-based point-of-sale software for restaurants and other businesses. This is Lightspeed POS's 2nd largest (disclosed) transaction. The company already offers cloud-based point-of-sale software for restaurants and other businesses. +1-866-932-1801 Company's Address 700 St-Antoine Est,, Suite 300 Montreal, Quebec H2Y1A6 Canada Lightspeed Restaurant Comparisons Name Comparision Apple has given its most direct confirmation yet that a USB-C-equipped iPhone will happen, now that the European Union is mandating that all phones sold in its member countries use the connector if they have a physical charger. Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a Montreal, Canada-based provider of cloud-based, omnichannel commerce platforms, acquired Upserve Inc., a restaurant management cloud-software company based in Rhode Island. Lightspeed POS just announced the acquisition of Upserve, expanding Lightspeed's presence in the restaurant industry.. In addition to POS functions, the cloud-based product comes equipped with restaurant management features, its . Upserve by Lightspeed is a point-of-sale system designed specifically for restaurants. The post Lightspeed. The . 10 Dorrance Street Providence, Rhode Island 02903, US Get directions Employees at Upserve, a Lightspeed Company Terri North Preferred Partner at Upserve Vanessa Grace Cornoni Owner, Pediatric. Lightspeed bought Upserve for $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed, which is subject. Keep up to date with sales performance, check and guest volume and loss prevention metrics such as comp and void counts. Lightspeed, which provides omnichannel cloud-based platforms, has acquired restaurant management cloud software company Upserve, according to a press release. In November, Lightspeed also acquired ShopKeep for $145.2 million in cash and the issuance of 7,437,397 subordinate voting shares. This is Lightspeed POS's 4th transaction in the Internet Software and Services sector. Canada-based Lightspeed believes that the acquisition of Upserve, a Vista Equity Partners portfolio company, will grow its position in the US hospitality market by an additional 7,000 customer locations, generating over $6 billion in Gross Transaction Volume (GTV) in the trailing 12-month period ending Sept. 30, 2020. Lightspeed acquired Upserve for estimated total consideration of $430 million, consisting of approximately $123 million in net cash and up to 5,895,365 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. The company already offers cloud-based point-of-sale software for restaurants and other businesses. Lightspeed acquired Upserve for estimated total consideration of $430m, consisting of approximately $123m in net cash and up to 5,895,365 subordinate voting shares in the capital of. When we learned most of our customers were restaurants, we pivoted to Upserve, acquiring Breadcrumb POS in 2016 and making it our own. "We believe this acquisition will accelerate the product innovation that has enabled Lightspeed customers to tackle the . . Apple confirms the iPhone is getting USB-C, but isn t happy about the reason why. Lightspeed and Nuvei, both Montral-based tech companies that have recently entered the public market, are continuing to gobble up other companies as part of their acquisition strategies. We've come a long way We began our journey as Swipely in 2009, and set our sights on helping businesses make better decisions with data. . The acquisition strengthens Lightspeed's position as an industry leader with high-performing restaurateurs across the United States as those restaurants refine the digital dining experience. The company already offers cloud-based point-of-sale software for restaurants and other businesses. Lightspeed (LSPD) Announces Acquisition of Upserve. In the Upserve acquisition, Lightspeed will pay $123 million in cash, along with stock that will bring the total deal size to around $430 million. The point-of-sale and e-commerce software company Lightspeed will acquire competitor Vend for a deal worth $350 million $192.5 million in cash and $157.5 million in shares, to be specific. Lightspeed has completed an acquisition of Upserve, a restaurant management cloud-software . Lightspeed POS (NYSE: LSPD) announces the acquisition of Upserve Inc., a leading restaurant management cloud-software company based in Rhode Island and a Vista Equity Partners portfolio. This acquisition comes three months after Lightspeed announced plans to acquire Upserve, a restaurant management cloud-software company based in Rhode Island, for approximately $430 million. Upserve POS is a restaurant point-of-sale solution, from Lightspeed (acquired December, 2020). E-mail Address. Lightspeed Acquires Upserve. Upserve Upserve is the smart management assistant that puts everything restaurateurs need to know in one place. Strategic deal grows Lightspeed's mid-market hospitality footprint, adding over $40 million in revenue and boosting overall GTV to more than $39 billion Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has acquired Upse rve Inc., a leading restaurant management cloud-software company based in Rhode Island and . Bringing together Breadcrumb's mobile Point of Sale with Continued Customers must request cancellation of auto-renewal via email at least 60 days prior to the . At the center of the Upserve Platform is the . At the end of 12 months, the product will automatically renew at the then-current standard price. "We believe this acquisition will accelerate the product innovation that has enabled Lightspeed customers to tackle the . Upserve, originally Swipely, provides a restaurant management platform which allows independent full-service restaurants to run and manage their entire business.The Platform is made up of restaurant-specific point of sale (POS) software, payments, and analytics, online ordering, loyalty, and marketing tools designed specifically for restaurants. Combining with Upserve will grow Lightspeed's position in the U.S. hospitality market by an additional . "Combining forces with Upserve is a strategic next-step in Lightspeed's vision of providing the most advanced commerce platform to high-performing businesses around the world," said Dax Dasilva, Founder and CEO of Lightspeed. The vendor describes it as easy to implement, with personalized onboarding, a dedicated success manager, and professional on-site installation, with 24/7/365 U.S. based in-house support team. Upserve is now the magic ingredient powering more than 6,000 restaurants PROVIDENCE, R.I. May 9, 2016 Upserve announced today it has acquired Breadcrumb from Groupon (NASDAQ: GRPN), creating the industry's largest cloud-based restaurant management platform serving more than 6,000 restaurants in every U.S. state. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million. LightSpeed Restaurant is a cloud-based Point-of-Sale (POS) system designed specifically for restaurants, bars, cafes, and other similar establishments. The current standard price for the product is $99/month. Other Tools Download Reports TechCrunch. 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