The combination of Lightspeed and Upserve will accelerate product innovation and the development of Lightspeed’s analytics-driven POS solution. The convergence of the companies’ teams and technologies will telegram free number philippines provide independent restaurateurs across the United States, from fine dining restaurants to multi-location quick service restaurants, with one of the most competitive restaurant platforms available, making it easier for the industry to meet the new restaurant needs made permanent by the COVID-19 pandemic.
This acquisition reinforces Lightspeed’s growth momentum following the company’s listing on the New York Stock Exchange and the acquisition of ShopKeep , a leading provider of cloud-based sales platforms serving over 20,000 customer locations. The acquisition of Upserve will enable Lightspeed to grow its share of the U.S. restaurant market by an additional 7,000 customer locations generating over $6 billion in GTV, as of September 30, 2020.
“Combining forces with Upserve is a strategic step in Lightspeed’s ambition to deliver the most advanced commerce platform to high-caliber businesses around the world,” said Dax Dasilva, Founder and CEO of Lightspeed. “This acquisition will further accelerate the innovation that has helped Lightspeed merchants solve their industry’s biggest challenge in decades and will add exceptional leadership to our teams ahead of the eventual economic recovery of the global restaurant industry.”
“Upserve has been providing actionable data to restaurateurs for over a decade with its analytics-driven POS system and restaurant management solutions. Lightspeed is growing as a world-class commerce platform for SMBs, and partnering with them to deliver data-driven insights through a single digital hub was a natural fit,” said Sheryl Hoskins, CEO of Upserve.
Together, we plan to empower restaurateurs across North America to deliver exceptional customer experiences and help them achieve exceptional success.”
For more information, please read the press release here .