Newly funded startup LightSpeed acquires Belgium's POSIOS
LightSpeed Retail Inc, which in September closed a $35 million financing, has acquired POSIOS, a Belgian mobile point-of-sale platform targeted to the hospitality industry. The financial terms of the deal were not disclosed. POSIOS joins LightSpeed as Lightspeed Restaurant, a cloud-based product offering to cafes, bars, nightclubs, fine dining and chain restaurants. POSIOS co-founder, Zhong Xu, will lead Lightspeed Restaurant's strategy as the company's director of hospitality. Based in Montréal, LightSpeed is a retail commerce platform. It is backed by Canadian venture capital firm iNovia Capital and U.S. firm Accel Partners.
22 October 2014•3 mins read
