#POSFinance / Lightspeed To Buy ShopKeep For $440M To Advance POS

Omnichannel commerce platform Lightspeed is acquiring point-of-sale (POS) firm ShopKeep…

ShopKeep’s POS platforms are used by more than 20,000 retailers and restaurants across the country, with an annual gross transaction value of $7 billion… The acquisition by Lightspeed will expand and enhance the offerings of solutions for merchants, adding tools for complex inventory and multi-location sales…

“We believe uniting with Lightspeed highlights and amplifies our shared vision to deliver industry-leading commerce enablement for small- and medium-sized businesses,” ShopKeep CEO Michael DeSimone said in the release. “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.”

https://www.pymnts.com/news/partnerships-acquisitions/2020/lightspeed-buy-shopkeep-advance-pos

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