20:04:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Lightspeed Commerce Inc
Symbol LSPD
Shares Issued 148,909,455
Close 2022-06-02 C$ 35.03
Market Cap C$ 5,216,298,209
Recent Sedar Documents

Globe says Lightspeed launches new ordering program

2022-06-03 09:58 ET - In the News

The Globe and Mail reports in its Friday, June 3, edition that Lightspeed Commerce is launching a new platform for product ordering and data sharing that it hopes will drive more retailers and brands to its services as they struggle with an economy-wide supply-chain crunch. The Globe's Josh O'Kane writes that the new platform is the latest in Lightspeed's efforts to bundle the many offerings it has accumulated since going public in 2019, after announcing one-stop-shop platforms for retailers and restaurants in recent months. Lightspeed bought the Los Angeles-based product-ordering company NuORDER Inc. last June, bringing with it 100,000 retailers and products from more than 3,000 brands. Lightspeed said this week that it had finished integrating NuORDER's technology into a new platform it called Lightspeed B2B, which will also share more product data -- ranging from UPC codes to descriptive text and promotional videos -- in a bid to smooth out the tedious tasks of ordering products and verifying and entering product data into their sales systems. Lightspeed is hailing its B2B service as a panacea for these kinds of issues.

© 2024 Canjex Publishing Ltd. All rights reserved.