Lightspeed Commerce open to acquisitions but not eyeing anything large-scale: CFO

▤ Summary

Lightspeed’s CFO Asha Bakshani said the company remains open to small, opportunistic tuck‑in acquisitions to accelerate product development but is not pursuing large‑scale deals. The company recently agreed to sell Upserve, its U.S. restaurant management cloud software, to Skyview Equity for up to US$81 million as part of a narrower strategic focus on North American retail and European hospitality. Lightspeed reported an adjusted profit decline but revenue grew 15% year‑over‑year to US$290.8 million, with transaction and subscription revenues both rising. Management framed the divestiture as structural improvement, and the results pressured the share price down nearly 10% in midday trading.

▦ Linked Companies

Lightspeed

$1B+

Upserve

$10M to $25M