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Dax Dasilva, Lightspeed’s CEO, mentioned in an interview by telephone Friday {that a} U.S. itemizing had been on the corporate’s radar since its Canadian IPO in March 2019.
Now, although, the corporate sees the coronavirus pandemic prompting companies so as to add to or improve their know-how and e-commerce capabilities, making it a perfect time for Lightspeed to advertise itself additional to attainable clients and buyers.
“I feel that a lot of our retailers … might have actually centered on the a part of our toolkit that’s for his or her bodily companies,” Dasilva mentioned. “However now with COVID, they’ve lit up e-commerce, they’ve lit up curbside pickup and takeout and supply, and different methods to transact within the digital house.”
There’s additionally “a possibility to consolidate the market,” Dasilva mentioned.
“We’ve had good execution on (mergers and acquisitions) and now we have energetic conversations with numerous good corporations that we predict may assist us proceed to scale,” he added.
We’ve got energetic conversations with numerous good corporations that we predict may assist us proceed to scale
Dax Dasilva
Lightspeed’s M&A method, Dasilva mentioned, includes buying corporations that may add capabilities, verticals and geographies to Lightspeed’s repertoire. The corporate has made a number of acquisitions because it was based in 2005, together with German hospitality-software agency Gastrofix, Australia-based point-of-sale supplier Kounta Holdings Pty Ltd. and Montreal’s Chronogolf, which offers cloud-based software program that helps handle golf programs.
Thus far, that technique, in addition to some pandemic-related tailwinds, has translated into rising income and buyer numbers for Lightspeed. It simply hasn’t translated into revenue but.
