- Lightspeed Commerce (LSPD) has acquired Ecwid for approximately $163.6 million in cash and 4,842,674 subordinate voting shares
- The combination of Lightspeed and Ecwid will help merchants reach shoppers on social media or digital marketplaces
- Ecwid is a leading choice for small business merchants to easily set up an online store
- Lightspeed’s one-stop commerce platform transforms and unifies online and physical operations
- Lightspeed Commerce Inc. (LSPD) is up 1.63 per cent, trading at C$124.21 per share at 3:45 pm ET
Lightspeed Commerce (LSPD) has acquired Ecwid, a global eCommerce platform.
Lightspeed finalized the acquisition for approximately $163.6 million in cash and the issuance of 4,842,674 subordinate voting shares of Lightspeed.
Ecwid is a leading choice for small business merchants to easily set up an online store.
Once integrated, the combination of Lightspeed and Ecwid will help merchants reach shoppers on social media or digital marketplaces.
Ecwid’s recently announced partnership with TikTok will help Lightspeed’s merchants seamlessly access core functions of TikTok For Business Ads Manager without needing to leave the platform.
Lightspeed’s one-stop commerce platform transforms and unifies online and physical operations, multichannel sales, global payments, financing and connection to supplier networks.
Lightspeed Commerce Inc. (LSPD) is up 1.63 per cent, trading at C$124.21 per share at 3:45 pm ET.
