#Merchantos lightspeed retail full#
#Merchantos lightspeed retail pro#
#Merchantos lightspeed retail software#

are underwriting the share sale, which is expected to raise about $200 million, according to reports.

The Bank of Montreal, National Bank Financial and JPMorgan Chase & Co. When it lists its shares on the Toronto Stock Exchange (TSX) under the ticker LSPD, it will join the slim ranks of Canadian publicly-traded SaaS technology companies like Kinaxis, Shopify, and Enghouse.

#Merchantos lightspeed retail software#

The Montreal-based point-of-sale (POS) software company started in founder Dax Dasilva’s Montreal apartment in 2005 it now has 700 employees in seven countries. (The MerchantOS acquisition adds 2,000 locations.Lightspeed filed its highly anticipated initial public offering (IPO) earlier this month. LightSpeed is now used in 15,000 store locations, doubling from a year ago. Not every retailer feels that way, and there are plenty where “the back office is Windows machines.” He added, “We want to be able to say yes to everybody.” “If I opened a store today, I would use Pro, but that’s because I’m going to want to run my back office on a MacBook Pro,” he said.

#Merchantos lightspeed retail pro#

Over time, Dasilva predicted that there will be more “cross-pollination” between the Cloud and Pro products.

#Merchantos lightspeed retail full#

Plus, the company is continuing to offer its existing tools under the new name LightSpeed Pro, which Dasilva said is the “more visually rich, omnichannel” product that’s particularly suited for retailers who want “the full Apple aesthetic.” For one thing, even LightSpeed Cloud can be accessed via an iPad app. Not that LightSpeed is entirely abandoning Apple products. LightSpeed Cloud (which Dasilva also described as a “leaner” product) lacks some of the features available in the existing version of LightSpeed, like Show and Tell, where retailers can show off products that aren’t available on the selling floor. For now, it seems like the emphasis here is on replacing older point-of-sales and inventory systems for “inventory-centric” stores.

As with earlier LightSpeed products, the company is trying to make retailers’ technology more up-to-date and mobile-friendly. However, LightSpeed founder and CEO Dax Dasilva acknowledged there are merchants who “are not going to replace backend systems with Macs,” which is why LightSpeed Cloud is an HTML5, web-based product that can be used from any computer. Until now, the company’s product lineup has been Apple-centric, with software for Macs, iPads, and iPhones. It’s launching LightSpeed Cloud, a new product powered by LightSpeed-acquired point-of-sales software maker MerchantOS. LightSpeed, an Accel-backed company offering tools for physical retailers to both manage their business and engage their customers, is aiming at a new audience today. You Don’t Have To Love Apple To Use LightSpeed’s Retail Software, Thanks To LightSpeed CloudĪRTtwo50 Launches iPad App To Help You Find Affordable Art For Your Home