Lightspeed To Up Capabilities

Lightspeed is upping its capabilities with the acquisition of two global digital commerce companies. Once closed, the acquisitions will provide Lightspeed customers new entry points to the digital economy, unprecedented supply chain management, and increased opportunities to enhance online customer experiences. The company will acquire Ecwid, a U.S.-based global eCommerce platform that allows customers to create standalone businesses in minutes. Once integrated, the combination with Ecwid will help merchants reach shoppers where they are and allow Lightspeed to offer a bridge between the merchant and supplier experience, simplifying product ordering for retailers and offering brands crucial insight into how their products move. The acquisition will capitalize on the early success of the Lightspeed Supplier Network and accelerate the growth of its financial services offerings, including Lightspeed Payments and Lightspeed Capital, while establishing the company as a global distribution network for leading brands.