Shopkeep lightspeed9/5/2023 ![]() ![]() Sub Inc., Provide Holdings Inc., Al Dente Topco, Inc. pursuant to an Agreement and Plan of Merger dated December 1, 2020, by and among Lightspeed, Provide Merger and Provide Holdings Inc., acquired the business of Al Dente Intermediate Holdings, LLC and its subsidiaries (“ Upserve”) through the acquisition of all the issued and outstanding shares of Al Dente Topco, Inc. “Our partnership sets the stage to help business owners navigate through challenging times, keep pace with rapid change and adapt quickly to meet the rising demands of today’s customers.On December 1, 2020, Lightspeed and its wholly-owned subsidiaries, Provide Merger Sub Inc. “We believe uniting with Lightspeed highlights and amplifies our shared vision to deliver industry leading commerce enablement for small and medium-sized businesses,” said Michael DeSimone, CEO of ShopKeep. Once closed, Lightspeed’s acquisition of ShopKeep will follow the successful integration of multiple premier platforms that experienced accelerated growth following their acquisitions by Lightspeed, including that of Montréal-based Chronogolf, Sydney-based Kounta and Berlin-based Gastrofix. The acquisition will generate strong expected synergies resulting from increased GTV, the ability to leverage integrated go-to-market resources and a combined payments opportunity. Marketing Technology News: Voxox and RING.CR Launch Cloud Phone System “This acquisition will bring ShopKeep merchants, small and medium-sized businesses that make up the backbone of the U.S economy, into the Lightspeed family, providing them even more crucial product innovation and world-class support as they drive the reinvention of American commerce.” “ShopKeep’s commitment to enabling independent businesses to dream big and rise above industry and economic challenges is deeply aligned with our own mission to power the future of commerce,” said Dax Dasilva, Founder and CEO of Lightspeed. ![]() Following the closing of the acquisition, Lightspeed will serve over 100,000 customer locations 1 worldwide, generating approximately $33 billion USD in gross transaction volume 2 (GTV). market share, allowing for increased investment in sales, marketing, and research and development to capitalize on the increasing demand for modern, cloud-based, omnichannel commerce solutions. The acquisition immediately expands Lightspeed’s U.S. Marketing Technology News: Noosh Releases Supplier Diversity Enhancements to its Marketing Execution SaaS 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. The scale achieved by the combination of Lightspeed and ShopKeep presents retail and restaurant business owners in the United States with enhanced resources to pivot their operations. 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.ĬOVID-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. (ShopKeep), a leading cloud commerce platform provider based in New York City. Lightspeed POS Inc., a leading provider of cloud-based, omnichannel commerce platforms, announced it has entered into a definitive agreement to acquire ShopKeep Inc. footprint by more than 20,000 customer locations following listing on the New York Stock Exchange Landmark deal by global, cloud commerce leader grows Lightspeed’s U.S. ![]()
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