Lightspeed strikes twice, announcing second major U.S. acquisition in a month

📆 02/12/2020 04:29 ص
📰 globeandmail

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Lightspeed strikes twice: Montreal company announces second major U.S. deal in a month, collapses shares to single class

, generating US$40-million in revenue annually. The deal comes just four weeks after Lightspeed said it would pay US$440-million for New York-based ShopKeep Inc., which generates US$50-million in annual revenues from 20,000 U.S. restaurants with a similar product.

Lightspeed is paying about US$123-million in cash and issuing 5.9 million shares to buy Upserve, which is led by CEO Sheryl Hoskins.

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