#Lightspeed onsite documents software#
One of these firms was Ecwid, which offers e-commerce software to small businesses that Lightspeed plans to integrate with its own platform. Dasilva has said Lightspeed’s acquisition strategy has been “front and centre” since the company listed on the New York Stock Exchange in September.Įarlier this month, Lightspeed signed agreements to acquire two California-based e-commerce firms for a combined total of $925 million.
Not only can this expansion be seen in Lightspeed’s products launched in the last few years, but also by its recent consolidation strategy, which has seen the company acquire a number of firms to expand its offerings and grow its market share.ĭasilva has been open about his intention to expand Lightspeed beyond its POS roots and make the most of the industry shift to omnichannel commerce something Dasilva argues has been accelerated by the COVID-19 pandemic.
“Through services we have rolled out over the past few years and building on the recently-announced agreements to acquire NuORDER and Ecwid, two globally-leading digital platforms, Lightspeed is revolutionizing commerce and is set to become much more than point-of-sale software,” a spokesperson for the company told BetaKit. In a statement, Lightspeed told BetaKit, if approved, the change will reflect an important transformation that is underway for the company. Over the last few years, Lightspeed has branched out beyond POS solutions into a number of verticals within the broader commerce space. The company was founded in 2005, and, since then, has grown to become a publicly-listed firm with a market capitalization of more than $13 billion. Lightspeed provides cloud-based point-of-sale and commerce software, and has focused on creating an omnichannel experience to combine in-store and online for small businesses.
#Lightspeed onsite documents full#
“We evaluated our company name and looked for a name that we believe more accurately represents the full scope of services provided by the company today as we continue to build ourselves as the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences,” Lightspeed said in one of its filings. “Lightspeed is revolutionizing commerce and is set to become much more than point-of-sale software.” In one document, Lightspeed stated the name change is intended to give it a name that more accurately represents Lightspeed’s current and future offerings. Montréal-based Lightspeed is set to vote on a motion that would see the company change its name from Lightspeed POS to Lightspeed Commerce, according to documents filed by the company.Īccording to the documents, filed Wednesday, the company will vote on the name change at its annual meeting of shareholders on August 5.
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