The Montreal-based point-of-sale company said the cash-and-stock deals of Ecwid and NuOrder for roughly US$500 million and US$425 million, respectively, will help accelerate its push into offerings like e-commerce and supply chain management. (The Logic)
Talking point: The acquisitions extend Lightspeed’s deal spree in recent months, including the purchases of Upserve and ShopKeep. Investors have praised Lightspeed’s growth-by-acquisition strategy, which includes expansion into niche verticals like golf, and which analysts said resulted in better economics on payments. Ecwid, an e-commerce company located in San Diego and Ulyanovsk, Russia with more than 130,000 customers, will extend Lightspeed’s reach on social media and digital marketplaces; L.A.-based NuOrder’s business adds to Lightspeed’s inventory-management product and comes with established clients, including Canada Goose.