M&A Deal Summary

Lightspeed Acquires ShopKeep

On November 5, 2020, Lightspeed acquired internet software and services company ShopKeep for 440M USD

Acquisition Highlights
  • This is Lightspeed’s 3rd transaction in the Internet Software and Services sector.
  • This is Lightspeed’s largest (disclosed) transaction.
  • This is Lightspeed’s 1st transaction in the United States.
  • This is Lightspeed’s 1st transaction in New York.

M&A Deal Summary
Date 2020-11-05
Target ShopKeep
Sector Internet Software and Services
Buyer(s) Lightspeed
Deal Type Add-on Acquisition
Deal Value 440M USD

Target

ShopKeep

New York, New York, United States
ShopKeep, Inc. is a provider of cloud-based technology and business management solutions for independent merchants. ShopKeep enables business owners to start and grow their businesses by accepting any type of payment and providing essential features such as automatic inventory tracking, employee management, and real time sales reporting. ShopKeep was founded in 2008 and is based in New York City.

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Buyer(S) 1

Buyer

Lightspeed

Montreal, Quebec, Canada
Category Company
Founded 2005
Sector Software
Employees1,800
Revenue 909M USD (2024)
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 eCommerce 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 7 of 11
Sector (Internet Software and Services) 3 of 7
Type (Add-on Acquisition) 7 of 11
State (New York) 1 of 1
Country (United States) 1 of 4
Year (2020) 2 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 GASTROFIX

Berlin, Germany

GASTROFIX GmbH is a provider for cloud-based POS platforms for digitizing the hospitality industry is fully offline-capable and therefore particularly fail-safe. GASTROFIX GmbH was established in 2011 and is based in Berlin, Germany.

Buy $72M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Upserve

Providence, Rhode Island, United States

Upserve, Inc. is a provider of smart management system for restaurant owners to track key facets of their business in real-time. Upserve is the magic ingredient that helps restaurateurs thrive, putting everything they need in one place. Upserve was founded in 2009 and is headquartered in Providence with additional offices in San Francisco and New York City.

Buy $430M
Mergr

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