March 12th 2021 9:51 pm
The point-of-sale and e-commerce software company Lightspeed will acquire competitor Vend for a deal worth $350 million $192.5 million in cash and $157.5 million in shares, to be specific.
The move builds Lightspeed s base around the globe. It s not the first acquisition from Lightspeed in recent months, either: The growing software company just bought the restaurant POS platform Upserve and the ecommerce POS platform ShopKeep back in December.
What customers can expect
So what should businesses in the market for a POS or those already using either Lightspeed or Vend expect to change as a result of this market shift?
Lightspeed to acquire Vend to power global retail expansion
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Tuesday s analyst upgrades and downgrades - The Globe and Mail
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Monday s analyst upgrades and downgrades - The Globe and Mail
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Two tech stocks to buy in February
Stocks of Lightspeed POS and Shopify surged 100% and 40% between November and December 22, 2020, on the Santa clause rally. This is the seasonal jump these stocks see every year as they report their maximum revenue at this time of year. And cloud stocks are all about revenue. Hence, you might see some exciting growth numbers this earnings season. However, the limelight of the earnings will be the revenue outlook for 2021.
It was quite clear in 2020 that the two e-commerce companies will see accelerated growth coming from pandemic-induced traffic. Now the question is, will they be able to retain this customer base? If they can, how do they plan to grow from here? What more can they offer to attract new customers and increase revenue from existing customers?