Lightspeed pos software#The POS software and hardware industry is expected to see steady growth for years to come: One report from 2020 estimates 10 percent compound annual growth until 2027. The Upserve deal in December was worth even more than Vend, at about $430 million, while the Shopkeep deal was reportedly $440 million. Vend users will ultimately gain access to Lightspeed perks including “the company's broader commerce solutions, such as Lightspeed Payments, Lightspeed eCommerce, Lightspeed Loyalty,” according to the press release announcing the deal.ĭown the road, Vend users may also gain access to the Lightspeed Supplier Network, a B2B trade network that helps brands order directly from retailers without leaving their POS interface.Īnd, in a broader sense, the acquisition signals a consolidation in the industry that will give Lightspeed greater control within the POS space. The biggest change will likely be an expansion of integrations between the two services. So what should businesses in the market for a POS - or those already using either Lightspeed or Vend - expect to change as a result of this market shift? It's not the first acquisition from Lightspeed in recent months, either: The growing software company just bought the restaurant POS platform Upserve and the ecommerce POS platform ShopKeep back in December. The move builds Lightspeed's base around the globe. 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.
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