. Lightspeed POS ‘Heading Directly For Shopify’ With Latest Acquisition Spree « JO LEE MAGAZINE

Globe and Mail – Lightspeed POS Inc.’s LSPD-T +0.57%increase shopping spree continued Monday as the merchant point-of-sale software provider announced two acquisitions valued at a combined US$925-million, including an emerging competitor to fellow Canadian commerce software giant Shopify Inc SHOP-T +1.77%increase.

The acquisitive Montreal-based Lightspeed said it would pay US$500-million for Ecwid Inc., a San Diego-based e-commerce platform with more than 130,000 paying customers. Lightspeed is also paying US$425-million for Los Angeles-based NuORDER Inc…

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