Canadian point of sale company remains anchored in Montréal, and thrives by catering to independent businesses
MONTRÉAL, March 21, 2017 /PRNewswire/ -- This month, Lightspeed celebrates its 12th anniversary, marking a milestone for the Canadian tech leader headquartered in Montréal. Founded by CEO Dax Dasilva in 2005, Lightspeed is a leading provider of cloud-based point of sale software for independent retailers and restaurants.
Lightspeed's global growth is a notable achievement in the Canadian tech sphere, growing from a startup of four employees to nearly 600 globally with seven offices around the world. The innovative company currently manages more than $15 billion in global transactions from 40,000 customers, in more than 100 countries.
In 2016, Lightspeed launched its omnichannel product, seamlessly merging in-store POS, eCommerce and mobile, allowing its customers to sell anywhere, at any time. In addition to retail solutions, Lightspeed Restaurant provides simple and efficient cloud-based software for cafés, bars, and full-service dining. Most recently, the company announced the signing of its 10,000th eCommerce customer, Picoum.com.
"Our growth over the past 12 years is directly related to the success that our customers see when using Lightspeed's cloud-based POS system to manage and build their businesses," said Dasilva, "Lightspeed remains rooted in its customer-centric approach, as we continue to innovate with technology and resources that will empower independent businesses."
With tools designed around the realities of day-to-day management, Lightspeed maintains a close connection with its customers. Recently, the company hosted two retail roundtable events in London, UK and Toronto, Ontario, bringing together independents to discuss the future of retail with Lightspeed executives. Key takeaways included the importance of maintaining a consistent brand identity on all platforms, the value of data acquisition for independents in determining next steps for growth, and the ongoing significance of an omnichannel sales approach. Lightspeed plans to continue hosting retail and restaurant roundtable events globally, using key learnings to strategize next steps for growth.
Customers typically see a 20% increase in revenue in the first year using Lightspeed, which can be attributed to improving efficiency of operations with better inventory management and financial analysis.
For more information, please visit: www.lightspeedhq.com
Cassie Jorgensen | NKPR |Cassiej@nkpr.net| 416.365.3630 ext. 251
Bradley Grill l Director of Public Relations l Lightspeed l Bradley.Grill@lightspeedhq.com l 514.616.2000