M&A Deal Summary

Lightspeed Acquires Chronogolf

On May 30, 2019, Lightspeed acquired internet software and services company Chronogolf

Acquisition Highlights
  • This is Lightspeed’s 1st transaction in the Internet Software and Services sector.
  • This is Lightspeed’s 2nd transaction in Canada.
  • This is Lightspeed’s 1st transaction in Quebec.

M&A Deal Summary

Date 2019-05-30
Target Chronogolf
Sector Internet Software and Services
Buyer(s) Lightspeed
Deal Type Add-on Acquisition

Target

Chronogolf

Montreal, Quebec, Canada
Chronogolf, Inc. is a cloud-based software offering that facilitates management for golf course operators around the world. Chronogolf, Inc. was founded in 2012 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Lightspeed

Montreal, Quebec, Canada

Category Company
Founded 2005
Sector Software
Employees1,800
Revenue 1.1B USD (2025)
DESCRIPTION

Lightspeed is a provider of POS platform for stores and restaurants. The company provides customers with a simple way to build, manage, and grow their retail, restaurant, or e-commerce business, and create a best-in-class customer experience. Its end-to-end solutions unify inventory, customer management, sales, and analytics across all channels, in-store, and online. Lightspeed was founded in 2005 and is based in Montreal, Quebec.


DEAL STATS #
Overall 3 of 11
Sector: Internet Software and Services M&A 1 of 7
Type: Add-on Acquisition M&A Deals 3 of 11
State: Quebec M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 ReUp

Toronto, Ontario, Canada

ReUp is making mobile loyalty a reality for independent businesses. ReUp allows users to build their own custom loyalty experiences for iOS and Android devices. ReUp has built a simple drag and drop solution, resulting in the big brand experience without the big brand price tag. Completely self-service, ReUp has a global reach and is perfect for restaurants, cafes, salons, and gyms looking to offer their customers a convenient loyalty option.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 iKentoo SA

Geneva, Switzerland

iKentoo SA is a provider of iPad-based omnichannel POS solutions and business management systems for the restaurant and hospitality industry. iKentoo was founded in 2011 and is based in Geneva, Switzerland.

Buy -