Add-on Acquisition • Software

Lightspeed Acquires iKentoo SA

On July 17, 2019, Lightspeed acquired software company iKentoo SA

Acquisition Context
  • This is Lightspeed’s 3rd transaction in the Software sector.
  • This is Lightspeed’s 1st transaction in Switzerland.

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M&A Deal Summary

Date July 17, 2019
Target iKentoo SA
Sector Software
Buyer(s) Lightspeed
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 4 of 11
Sector: Software 3 of 3
Type: Add-on Acquisition 4 of 11
Country: Switzerland 1 of 1
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-20 Kounta Holdings Pty

Chippendale, Australia

Kounta Holdings Pty Ltd. is an Australian technology company with a mission to make it easy to cost-effectively allow merchants to better run, connect and grow their businesses through a simple yet powerful point of sale experience. Kounta high-performance device-agnostic omnichannel POS solutions and business management systems for the restaurant and hospitality industries, Kounta serves more than 7,000 customer locations1 primarily across Australia and New Zealand.

Buy $43M