Founded in 2008, ShopKeep offers point-of-sale platforms that are used by more than 20,000 retail and restaurant customer locations in the United States, generating approximately $7 billion in gross transaction telegram free number philippines volume annually. The acquisition by Lightspeed will add critical modules to the ShopKeep merchant experience, including a sophisticated inventory and sales management capability ideal for multi-location businesses, while simplifying their operations and expanding Lightspeed’s presence in the United States following its listing on the New York Stock Exchange.
Since the onset of the COVID-19 pandemic, the U.S. economy has experienced an unprecedented acceleration in its digital transformation, as independent retail and restaurant businesses increasingly pivot from outdated point-of-sale systems to omnichannel commerce platforms. Lightspeed’s acquisition of ShopKeep will help U.S. businesses that are eager to keep up with rapidly changing consumer behavior by offering a broader portfolio of products that will help them build brand loyalty, acquire new customers, and retain existing customers.
“ShopKeep is an innovative and highly respected leader in the POS space. Their commitment to empowering independent businesses to dream big and overcome industry and economic challenges is aligned with our mission to power the future of commerce,” said Dax Dasilva, Founder and CEO of Lightspeed. “This acquisition will bring ShopKeep merchants, small and medium-sized businesses that are the backbone of the American economy, into the Lightspeed family and provide them with critical product innovation and world-class support to shape the reinvention of commerce in the United States.”
Lightspeed's acquisition of ShopKeep follows the successful integration of several major platforms, including Chronogolf (Montreal), Gastrofix (Berlin) and Kounta (Sydney).
“Our partnership with Lightspeed exemplifies our shared commitment to empowering small and medium-sized businesses to succeed,” said Michael DeSimone, CEO of ShopKeep. “We value our partnership with Lightspeed to help business owners navigate challenging times, keep pace with rapid change, and create engaging experiences for their customers.”
For more information, please read the press release here .