Founded in 2008, ShopKeep’s point-of-sale platforms are used by more than 20,000 retail and restaurant customer locations nationwide generating a gross transaction volume of approximately $7 billion USD per year.The acquisition is valued at approximately $565 million in total consideration, comprised of $145.2 million in cash and the issuance of 7,437,397 subordinate voting shares in the capital of Lightspeed, based on the closing price of Lightspeed stock on November 23, 2020. On November 5, 2020, Lightspeed, a leading provider of cloud-based, omnichannel commerce platforms, announced it has entered into a definitive agreement to acquire ShopKeep Inc., a cloud commerce platform provider based in New York City."Lightspeed to acquire ShopKeep for $440 million USD, reports strong Q2 results". "Lightspeed to acquire point of sale rival ShopKeep for $440 million". ^ Gagliordi, Natalie (5 November 2020).^ "ShopKeep Focuses on Growth with $60 Million in Series D Funding". : CS1 maint: archived copy as title ( link) ^ " Raises $2.2M in Series A Round, Plans New Hires | Xconomy".^ "Cloud Computing Revolutionizes the Customer-Retailer Transaction".^ "Case Study: The Benefits of Running a POS System in the Cloud".^ "ShopKeep Rings Up $60 Million Investment - Finovate".^ "When does a start-up stop being a start-up?".^ "On 'cloud' nine! Greene Grape owners lead way in web-based shopkeeping technology".^ "How to Identify a Business Opportunity".^ "ShopKeep Announces $60 Million Series D Round Funding".Tech companies in the New York metropolitan area. On 25 November 2020, Lightspeed announced closing the acquisition of ShopKeep. On 5 November 2020, Lightspeed announced it has entered into a definitive agreement to acquire ShopKeep Inc for $440 million. As of July 2015, ShopKeep has raised over $97 million in funding. In August 2011, the first iPad version of ShopKeep was released in the App Store. Jason hired Bill Walton as the original system architect and engineer to build the ShopKeep Platform in October 2008. He also developed it from the eyes of a retailer and used his expertise to create a user interface that is intuitive to the merchants and the cashiers that stand behind the counter. He developed ShopKeep POS as a cloud-based point of sale system to allow a merchants to access data even when they are not in the store. When Jason's point of sale system in his stores broke down, he decided that there had to be a simpler, smarter solution for small businesses. David Olk, former Director of M&A at IAC, joined as the third co-founder and COO in July 2011 to help Jason and Amy execute on their vision and raise outside capital, eventually closing the company's first external raise 6 months later in December 2011. ShopKeep was co-founded by Jason Richelson, co-founder of several retail stores in Brooklyn and New York City, and Amy Bennett out of their wine store in Brooklyn in the fall of 2008 after their point of sale software crashed for the last time. The smartphone dashboard app allows merchants to view real-time store sales remotely. The web-based BackOffice allows inventory, employee, and customer management, and analytics and reporting. The system allows merchants to ring up sales, print or email receipts, pop a cash drawer, accept credit cards and print remotely to the kitchen right from an iPad or Android tablet. Founded in 2008, its POS system is used by more than 23,000 small businesses in the United States and Canada, most of which are retail shops, coffee shops, restaurants, and bars. ShopKeep by Lightspeed is a cloud-based iPad point of sale (POS) system headquartered in New York, NY.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |