Briefing

Lightspeed acquires Swiss POS solutions provider, its second since its IPO

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The company announced the acquisition of iKentoo on Wednesday; the terms of the deal were not disclosed. iKentoo provides iPad-based point-of-sale (POS) solutions and business-management tools for the restaurant and hospitality industry, and serves more than 3,800 customers in over 14 countries. (The Logic)

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Talking point: In May, my colleague Zane reported that Lightspeed was looking to increase its business in Europe and Australia post-IPO, hiring sales staff in London; Amsterdam; and Ghent, Belgium. Lightspeed first entered Europe in 2014. Its customers there now account for almost one-third of its revenues. It has focused on acquiring established competitors in smaller European markets. This is the third disclosed European acquisition for the company. In 2014, it acquired Belgium-based POSIOS. In 2015, it acquired SEOshop, an Amsterdam e-commerce company.