08:23:34 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Lightspeed Commerce Inc
Symbol LSPD
Shares Issued 148,909,455
Close 2022-06-08 C$ 33.50
Market Cap C$ 4,988,466,743
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Lightspeed Commerce forms partnership with Threedium

2022-06-09 11:25 ET - News Release

Mr. Dipak Pandya reports

THREEDIUM AND LIGHTSPEED ANNOUNCE PARTNERSHIP TO PROVIDE 3D PRODUCT VISUALIZATION ACROSS WHOLESALE ECOSYSTEM

Threedium has formed a partnership with Lightspeed Commerce Inc. to enhance and elevate the business-to-business buying process. The integration of Threedium's 3-D technology into the NuOrder by Lightspeed platform enables brands to add interactive, 3-D product visualizations to their digital linesheets, catalogs and virtual showrooms. Threedium will also provide NuOrder by Lightspeed customers with the ability to upload 2-D images and quickly and easily produce and publish 3-D assets directly in their e-commerce shopping experiences.

Threedium provides enterprise customers with a low-code, no-code 3-D engine to allow anyone to build immersive 3-D and AR (augmented reality) experiences and distribute them across omnichannel, display ad networks, e-commerce websites and virtual stores. Mike Charalambous, chief executive officer of Threedium, said: "Our partnership with NuOrder by Lightspeed represents a digital transformation of retail coming to life in the overall use of 3-D within the e-commerce channels and will allow for enhanced digital shopping experiences using 3-D. Threedium and NuOrder by Lightspeed will provide a one-stop to build and deploy 3-D solutions across their wholesale ecosystem and we are excited to bring this to the world's wholesale buyers."

Together, NuOrder by Lightspeed and Threedium will provide:

  • Fast and scalable asset creation of 3-D/AR digital twins;
  • Creation of 3-D/AR viewers for use within e-commerce;
  • Real-time B2B product configurators allowing customers to choose from various colour and material options as well as customization of the product in real-time 3-D;
  • Ability to generate metaverse-ready products to sell to avatars with the ability to redeem in store.

"Threedium's immersive 3-D formats allow forward-thinking brands to achieve cost savings, demonstrate their commitment to sustainability and help buyers better visualize the products they are buying by replacing samples with detailed interactive 3-D images," says Dipak Pandya, head of product and technology at NuOrder by Lightspeed.

Together, Threedium and NuOrder by Lightspeed are providing omnichannel options as brand partners decide when and where they want to display and sell their product -- whether that is on their platform, on their website or in the metaverse. This partnership provides flexibility to brands as they choose when and where to sell their products in an increasingly digital world.

About NuOrder by Lightspeed

NuOrder by Lightspeed is a leading B2B platform powering commerce and discovery for the world's best brands and retailers. The platform includes virtual showroom technology, visual assortment and merchandising tools, and integrated payments solutions. Lightspeed acquired NuOrder in 2021.

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. Lightspeed's cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montreal, Canada, in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange. With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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