E-Commerce giant Lightspeed has announced the acquisition of fellow cloud-based platform Vend Limited in a deal worth $350 million. E-mail Address. The acquisition will The combination of Lightspeed with Vend's talent and technology will help to further growth by ultimately providing the Vend customer base access to the Toggle navigation. Whether you're looking to sell in-store, online and everywhere in between, Lightspeed gives you the tools you need to thrive. Lightspeed to acquire Vend for $350 million. Vendnow Lightspeed Retail (X-Series)helps inventory-based retailers streamline their operations, delight more customers and grow their business across all channels. Lightspeed will acquire Vend for total estimated consideration of approximately $350 million, satisfied by way of payment on closing of approximately $192.5 million in cash Lightspeeds global excellence and commitment to community is inspirational to Vend, says Ana Wight, CEO of Vend. By joining forces, we will power the global transformation of retail and pour our unparalleled collective efforts into the success of our retailers at this pivotal moment in our industry. Founded in Montreal, Canada, over the past 15 Lightspeed will acquire Vend for total estimated consideration of approximately $350 million, satisfied by way of payment on closing of approximately $192.5 million in cash Lightspeed to acquire Vend to power global retail expansion. Lightspeed POS Inc., a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire VendLimited On March 11, 2021, Lightspeed acquired internet software and services company Vend for 350M USD Acquisition Highlights This is Lightspeeds 5th transaction in the Internet Acquiring Organization: Lightspeed Commerce Lightspeed is a commerce platform for small and medium business. Revenue. Vend was acquired by Lightspeed POS on March 11, 2021. LightSpeeds goal is to assist you in achieving a best-in-class solution for your network. Home; Applications . the company provides customers with a simple way to build, manage, and grow their retail, restaurant, or eCommerce business, and create a best-in-class customer experience. Article Stock Quotes (2) FREE Breaking News Alerts from StreetInsider.com! Completed On Date Lightspeed has acquired Vend for USD350 million, to further strengthen the brands global expansion for retail cloud-based management. Existing Vend customers will Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire VendLimited (Vend), a cloud-based retail management software company.The acquisition strengthens Lightspeeds global retail base and reinforces the Vendnow Lightspeed Retail (X-Series)helps inventory-based retailers streamline their operations, delight more customers and grow their business across all channels. The acquisition will help Lightspeed, a provider of Omnichannel commerce leader grows customer base by more than 20,000 customer locations worldwide, entrenches leadership position in Asia-Pacific Lightspeed PO Lightspeed to Acquire Vend to Power Global Retail Expansion Lightspeed POS Inc. (TSX:LSPD) entered into a definitive agreement to acquire Vend Limited for CAD $350 million on March 11, 2021. E-Commerce giant Lightspeed has announced the acquisition of fellow cloud-based platform Vend Limited in a deal worth $350 million. 548M CAD (2022) DESCRIPTION. Well provide end-to-end network services and support, including network design and engineering, Lightspeed is the one-stop commerce platform for merchants around the world to simplify, scale and provide exceptional customer experiences. Cloud-based omnichannel commerce provider Lightspeed will be acquiring Vend, a cloud-based retail management software company, according to a press release. Lightspeed to acquire Vend to power global retail expansion PR Newswire MONTREAL, March 11, 2021 Omnichannel commerce leader grows customer Are Vend and Lightspeed the same company? Yes, Vend is now part of the Lightspeed family. Our passion and commitment to retailers remain the same, and well continue to grow our platform of solutions; including point of sale, inventory, reporting, and other features to help you manage your business. Lightspeed will pay ~$192.5M of the consideration in cash and issue subordinated voting shares in the capital of Lightspeed valued at ~$157.5M. Lightspeed will acquire Vend for total estimated consideration of approximately $350 million, satisfied by way of payment on closing of approximately $192.5 million in cash The acquisition strengthens Lightspeeds global retail base and reinforces the company as a premier omnichannel retail platform worldwide for high-performing small and medium-sized businesses. Lightspeed POS Inc announced the acquisition of cloud-based retail management software provider Vend for $350 million. Omnichannel commerce leader grows customer base by more than 20,000 customer locations worldwide, entrenches leadership position in Asia-Pacific MONTREAL, March 11, 2021 /PRNewswire/ | April 7, 2022 Whether Lightspeed is a provider of POS platform for stores and restaurants. Lightspeed POS is set to acquire Vend, a retail management software company based in New Zealand, for approximately $350 StreetInsider.com Top Tickers, 3/11/2021. In an interview with The Globe, Lightspeed chief executive Dax Dasilva said he hopes to sell additional Lightspeed services such as e-commerce and loyalty offerings to Vends customers. Mar 15, 2021 5:12AM EDT L ightspeed POS Inc announced the acquisition of cloud-based retail management software provider Vend for $350 million. Acquire customers, then keep them coming back. Announced Date Mar 11, 2021. 1. Lightspeed POS has agreed to acquire Vend, a cloud-based retail management software company located in Auckland, New Zealand. Both platforms are widely used across the globe with bicycle retailers and so the buyout will see Lightspeed gain a broad range of small to medium size business accounts in the industry. This acquisition will allow MetroNet to access LightSpeeds already laid framework of fiber-optic cable in these areas and optimize these markets to receive MetroNets 1 Gigabit 1,800. Billing : billing@lightspeed.ca Sales: newsales@lightspeed.ca Technical Support: techsupport@lightspeed.ca Vancouver: (604) 482-1190 Calgary: (403) 537-6254 Winnipeg: Both platforms are widely used Vend is a retail management software company that helps digitize retail operations. Founded in Montreal, Canada, over the past 15 years Lightspeed has grown to serve more than 115,000 customer locations in over 100 countries. Like Vend, Lightspeed has always been committed to investing in innovative products and customer service to make their retailers successful. Lightspeed acquired Vend for $350 million. Lightspeed will acquire Vend for total estimated consideration of approximately $350 million, which will involve payment on closing of approximately $192.5 million in cash Vend is a cloud-based, Out of 60 sectors in the Mergr database, internet software and services ranked 4 in number of deals in 2021.The largest internet software and services acquisition in 2021 was athenahealth - which was acquired by Hellman & Friedman for $17.0B.. Join Mergr to view all 964 acquisitions of internet software and services Lightspeed has acquired Vend for a total consideration of around $350 million, out of which $192.5 million was in cash while $157.5 million was in voting shares. The acquisition will help Lightspeed build its foothold in the Asia Pacific area, where it will double its customer base and boost its retail footprint, the release stated.
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