Lightspeed buys Swiss POS solutions provider iKentoo
Lightspeed POS Inc (TSX: LSPD) has acquired iKentoo SA, a Geneva, Switzerland-based point-of-sale (POS) solutions provider to small businesses in the hospitality industry, for an undisclosed amount. Lightspeed, a Montréal-based retail and restaurant POS and e-commerce platform, said the deal expands its footprint by more than 3,800 customer locations mostly in Switzerland, South Africa and France. Lightspeed went public in Canada this year, raising $276 million. Going into the public launch, it was backed by Caisse de dépôt et placement du Québec, Inovia Capital and others. In April, the company raised US$55 million in credit facilities from CIBC Innovation Banking.
17 July 2019•3 mins read
