Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Fobi AI (FOBI) has entered into a data aggregation and analytics partnership with Lightspeed Commerce (LSPD)
  • The Fobi App is available for download by Lightspeed customers
  • Fobi’s integration will provide Lightspeed’s customers with real-time analytics and the tools to help them grow and scale their business
  • Lightspeed’s cloud solution transforms and unifies online and physical operations
  • Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement
  • Fobi AI Inc. (FOBI) opened trading at C$1.75 per share

Fobi AI (FOBI) has entered into a data aggregation and analytics partnership with Lightspeed Commerce (LSPD).

The Fobi App has now launched within the Lightspeed ecosystem and is available for download by Lightspeed customers.

With the recent acquisitions of Vend and NuORDER, Lightspeed has greatly increased its global footprint and total customer locations worldwide to become a global leader in the commerce space.

Having a referral partnership with the Lightspeed sales team will be invaluable to the success of this partnership.

Lightspeed’s GM of Partnerships & Hospitality Peter Dougherty spoke about the partnership.

“Lightspeed is committed to providing innovative tools that will help our retailers succeed. We are excited to offer Fobi’s integration in the Lightspeed partner ecosystem, as this will empower our customers with more tools to grow and scale their business.”

Fobi CEO Rob Anson remarked,

“Lightspeed’s support of Fobi’s integration to their platform cannot be understated as it speaks volumes about their confidence in Fobi as a premiere retail data solution provider. With our integration now complete, both Fobi and Lightspeed are positioned to generate new sales opportunities through this successful partnership.”

Key benefits of the integration include:

  • Saves Lightspeed retailers time. Retailers can see aggregated online and in-store data in real-time across multiple POS systems and Lightspeed accounts. There is no need to spend time exporting and consolidating data.
  • Provides Lightspeed retailers with real-time insights. Retailers can make informed data-driven business decisions based on powerful micro-trend, demographic, macro-level data and retail metrics.
  • Helps Lightspeed retailers grow and scale their business. With visualization of every data touchpoint, retailers can view their sales history and see year-over-year growth across their entire business operations to help forecast and plan the future of their business with AI data forecasting and segmentation.

According to a recent report published by Allied Market Research, the global cloud POS market size was valued at $2.24 billion in 2020 and is projected to reach $13.24 billion by 2028. This makes the global cloud POS market one of the fastest-growing markets in the world, and one that Fobi and Lightspeed will now be able to target together.

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. The cloud solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financing and connection to supplier networks. 

Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. Fobi operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries.

Fobi AI Inc. (FOBI) opened trading at C$1.75 per share.

More From The Market Herald

" American Aires (CSE:WIFI) fortifies supply chain

American Aires (WIFI) has opened two new international fulfillment centers in Poland and Australia.
Draganfly - CEO Cameron Chell.

" Draganfly (CSE:DPRO) announces partnership with Women And Drones

Draganfly (DPRO) has partnered with Women And Drones, a global platform for women who are shaping the future of STEM and aviation.
Nuvei - CEO, Philip Fayer.

" Nuvei (TSX:NVEI) receives approval to process payments for digital sports betting platforms in New York

Nuvei (NVEI) has been granted approval by the New York State Gaming Commission to process payments for licensed digital sports betting platforms.
Quisitive - CEO, Mike Reinhart (right).

" Quisitive Technology Solutions (TSXV:QUIS) upgraded to OTCQX Best Market

Quisitive Technology Solutions has been upgraded to the OTCQX Best Market from the OTCQB Venture Market.