The Globe and Mail reports in its Friday edition that chief financial officer Asha Bakshani said Thursday that CAE is open to more acquisitions but is not looking to snag any giants. A Canadian Press dispatch to The Globe reports that Ms. Bakshani's remarks come as executives are deep into reshaping Lightspeed after the 2025 conclusion of a strategic review that put a sale of the business on the table. Lightspeed emerged from the process with a narrower focus on North American retail and European hospitality. Weeks ago, it announced it would sell Upserve to Skyview Equity for up to $81-million (U.S.). Ms. Bakshani said divesting the company better positions Lightspeed for growth, expands its margins and has little impact on its financial performance. She said, "This is structural improvement in the business, not short-term optimization." Upserve was acquired in 2020 during Lightspeed's spending spree, which included at least 10 acquisitions from 2018 to 2021. Lightspeed founder Dax Dasilva said that Lightspeed's fourth quarter results released Thursday "show unequivocally the strategy is working." Lightspeed posted a $28.6-million (U.S.) loss for the quarter, despite a 15-per-cent revenue increase year-over-year.