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Kiwi tech company Vend sells to Canada-based Lightspeed for $484m

Wright said Vend’s staff will continue to work from the Auckland office at this stage.
“Whether long-speed we stay in this location, or need somewhere bigger or somewhere different, that remains to be seen.”
Vend currently employs around 150 staff, all of whom had options in the company and would benefit from the sale, Wright said.
Vend has been in serious talks with Lightspeed since last year, though the two companies have known about each other for “a long time”, Fergusson said.
The acquisition of Vend doubles Lightspeed s customer base in Asia-Pacific.
Lightspeed bills itself as a leading provider of cloud-based, omnichannel commerce platforms. ....

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Founder says Vend's $455m offshore sale will be good for NZ

Founder says Vend s $455m offshore sale will be good for NZ
12 Mar, 2021 04:45 AM
5 minutes to read
Vend founder Vaughan Fergusson began his company with a single customer - a clothing store in Remuera, but it was enough to gain the attention of early backer Sam Morgan. Photo / Jason Oxenham
Backers of Auckland-based retail software company Vend say its US$350 million ($455m) sale to a US competitor will be good for New Zealand.
The sale has potential to reignite debate about why so many Kiwi
tech companies end up in North American hands - particularly as it was announced within hours of news that Christchurch 3D modelling software outfit Seequent is being sold to Nasdaq-listed Bentley Systems for US$900m. ....

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