We have big news for the ShopKeep community! ShopKeep and Lightspeed have entered into an agreement for Lightspeed to acquire ShopKeep. This landmark deal is a true milestone moment for both companies. Lightspeed is an industry-leading, cloud-based commerce platform provider that first hit the market in 2005. Lightspeed now operates in over 100 countries, and is a publicly traded company on the NYSE. ShopKeep and Lightspeed will work together to reinvent the future of North American commerce and together are uniquely positioned to accelerate the digital transformation of SMBs across the country.
Since the onset of COVID-19, the American economy has experienced unprecedented digital acceleration, with independent businesses in retail and hospitality increasingly pivoting their operations, abandoning legacy point-of-sale systems and adopting omnichannel commerce platforms. Ligthspeed’s acquisition of ShopKeep will aid U.S. businesses inspired to keep pace with rapid change in consumer behavior, providing them a broader portfolio of products to enhance brand loyalty, acquire new customers and retain their clientele.
Discussing the acquisition, Dax Dasilva, Founder and CEO of Lightspeed says “ShopKeep’s commitment to enabling independent businesses to dream big and rise above industry and economic challenges is deeply aligned with our own mission to power the future of commerce. This acquisition will bring ShopKeep merchants, small and medium-sized businesses that make up the backbone of the U.S economy, into the Lightspeed family, providing them crucial product innovation and world-class support as they drive the reinvention of American commerce.”
“We believe uniting with Lightspeed highlights and amplifies our shared vision to deliver industry leading commerce enablement for small and medium-sized businesses,” said Michael DeSimone, CEO of ShopKeep. “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.”
Our ultimate goal is to become the world’s leading provider of best-in-class, cloud-based, omnichannel commerce for small and medium-sized businesses. Combining forces is the next step in achieving this shared goal, enabling our customers to survive and thrive in any climate. The ShopKeep customer will have more opportunities to grow by tapping into all that both companies have to offer.
Lightspeed’s acquisition of ShopKeep follows the successful integration of multiple premier platforms, including those of Montreal-based Chronogolf, Berlin-based Gastrofix and Sydney-based Kounta.
For more information, read our press release issued here.