Lightspeed

Telesat Reports Results for the Quarter Ended March 31, 2021

Friday, May 14, 2021 - 12:00pm

b'OTTAWA, May 14, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three-month period ended March 31, 2021.

Key Points: 
  • b'OTTAWA, May 14, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three-month period ended March 31, 2021.
  • This was partially offset by higher wages due to the hiring of additional employees to support the Telesat Lightspeed program.
  • Adjusted for changes in foreign exchange rates, Adjusted EBITDA1 declined by 5% ($9 million) compared to the first quarter of 2020.
  • ET to discuss its financial results for the three-month period ended March 31, 2021.

Lightspeed teams up with Google to help retailers increase local shopping revenue

Tuesday, May 11, 2021 - 7:00am

Searches for "local" + "business(es)" have grown by more than 80% year over year, including searches like "local businesses near me" and "support local businesses."

Key Points: 
  • Searches for "local" + "business(es)" have grown by more than 80% year over year, including searches like "local businesses near me" and "support local businesses."
  • "\nThe global collaboration between Lightspeed and Google integrates three crucial tools directly into the Lightspeed platform: Google Local Inventory Ads, Google Smart Shopping Campaigns, and Google My Business.
  • The new Google integration includes:\nGoogle Local Inventory Ads: Retailers can reach local customers with local inventory ads, from directly within the Lightspeed platform.
  • "\nThis new offering from Lightspeed and Google will give retailers increased opportunity to meet consumer needs in 2021, which have fundamentally pivoted to prioritizing shopping local.

Teachmint Raises $16.5 Million in Series A Round Led by Global EdTech Venture Capital Firm Learn Capital

Wednesday, May 5, 2021 - 8:49pm

b'Learn Capital, a venture capital firm focused on education technology, announced today it led a $16.5 million dollar investment in Teachmint , India\xe2\x80\x99s leading online teaching platform.

Key Points: 
  • b'Learn Capital, a venture capital firm focused on education technology, announced today it led a $16.5 million dollar investment in Teachmint , India\xe2\x80\x99s leading online teaching platform.
  • Other investors in the round of financing include CM Ventures, and existing investors Lightspeed and Better Capital.
  • Bengaluru-based Teachmint is a mobile-first, video-first, teaching platform that enables teachers to seamlessly digitize their classrooms.
  • Teachmint is the world\'s largest live teaching platform outside China with over 700,000 teacher registrations.

Lightspeed partners with U.S. Small Business Administration to expedite hospitality industry relief

Tuesday, May 4, 2021 - 10:00pm

b'MONTREAL, May 4, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a partnership with the U.S. Small Business Administration (SBA) to help hospitality merchants access new funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).

Key Points: 
  • b'MONTREAL, May 4, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a partnership with the U.S. Small Business Administration (SBA) to help hospitality merchants access new funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).
  • "\nThrough May 25, the SBA will prioritize processing and awarding funds to businesses that are majority owned and controlled by women, veterans, or socially and economically disadvantaged groups.
  • Applications from businesses that do not qualify can still be submitted and will be reviewed after May 25.
  • With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality, and golf industries.

Lightspeed Announces Fiscal Fourth Quarter and Full Year 2021 Financial Results Conference Call

Tuesday, April 27, 2021 - 9:05pm

b"MONTREAL, April 27, 2021 /PRNewswire/ -Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based omnichannel commerce platforms, today announced it will report fourth quarter and full year 2021 financial results before the market open on Thursday, May 20, 2021.

Key Points: 
  • b"MONTREAL, April 27, 2021 /PRNewswire/ -Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based omnichannel commerce platforms, today announced it will report fourth quarter and full year 2021 financial results before the market open on Thursday, May 20, 2021.
  • Management will host a conference call and webcast to discuss the Company's financial results at 8:00am ET on Thursday, May 20, 2021.\ntwo hours after the completion of the live call until 11:59 p.m.
  • With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality and golf industries.
  • Lightspeed has staff located in North America, Europe, Australia and New Zeland.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/lightspeed-announces-fiscal-four...\n"

Tripledot Studios Secures $78 Million Series A Funding From Leading Global Investors

Thursday, April 8, 2021 - 4:30pm

Tripledot Studios, a rapidly growing mobile games company, has secured $78 million from three leading global investors, Eldridge, Access Industries and Lightspeed Venture Partners in its Series A funding round.

Key Points: 
  • Tripledot Studios, a rapidly growing mobile games company, has secured $78 million from three leading global investors, Eldridge, Access Industries and Lightspeed Venture Partners in its Series A funding round.
  • Its a privilege to partner with leading investors who share our long-term focus and vision to create a truly great business.
  • We will continue building brilliant games ourselves and are excited to rollout the next generation of Tripledot titles later this year.
  • At the same time, the funding round will allow us to accelerate our growth by acquiring studios that can benefit from our expertise.

Loop Insights Finalizes API Integration with Vend POS, Vend to Launch Full Sales & Marketing Program to Its Global Retail Client List

Wednesday, April 7, 2021 - 11:00am

Loop Insights CEO Rob Anson stated: Vends support of Loops integration to their Billing API speaks volumes about its confidence in Loop and our retail solutions.

Key Points: 
  • Loop Insights CEO Rob Anson stated: Vends support of Loops integration to their Billing API speaks volumes about its confidence in Loop and our retail solutions.
  • With the development of our Billing API integration now complete, both Loop and Vend are positioned to generate new sales opportunities through this successful partnership.
  • This API integration represents a massive revenue-generating opportunity for Loop, Vend, Lightspeed, and their many customers.
  • Vend is now expected to launch expanded sales and marketing campaigns in support of Loop and its API integration, explaining the benefits of Loops products and services to Vends growing customer list.

Lightspeed launches Lightspeed Payments in United Kingdom and Europe in expansion of tailored financial solutions

Tuesday, April 6, 2021 - 12:00pm

MONTREAL, April 6, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of Lightspeed Payments for hospitality merchants in the United Kingdom and Europe.

Key Points: 
  • MONTREAL, April 6, 2021 /PRNewswire/ - Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of Lightspeed Payments for hospitality merchants in the United Kingdom and Europe.
  • Lightspeed Payments will be rolled out to hospitality merchants in the United Kingdom, followed by retail.
  • The United Kingdom is an underserved market when it comes to payments, especially in the hospitality sector, and Lightspeed is thrilled to support these businesses as they begin to re-open for full-capacity dining.
  • 34% said they need more support preventing fraudulent payments, while 42% said they need more overall support with financial management.

Lightspeed brings Lightspeed Payments to UK customers as 94% of UK-based merchants look to integrate payments to simplify and scale their businesses

Tuesday, April 6, 2021 - 7:00am

Lightspeed Payments will be rolled out to hospitality merchants in the United Kingdom, followed by retail.

Key Points: 
  • Lightspeed Payments will be rolled out to hospitality merchants in the United Kingdom, followed by retail.
  • 34% said they need more support preventing fraudulent payments, while 42% said they need more overall support with financial management.
  • Lightspeed Payments proved to be essential for many North American businesses throughout the COVID-19 pandemic.
  • Operating from a single system of record, merchants eliminate the inconvenience of a separate payments provider, gaining a globally-backed, secure platform.

Lightspeed to acquire Vend to power global retail expansion

Thursday, March 11, 2021 - 9:30pm

The acquisition strengthens Lightspeed's global retail base and reinforces the company as a premier omnichannel retail platform worldwide for high-performing small and medium-sized businesses.

Key Points: 
  • The acquisition strengthens Lightspeed's global retail base and reinforces the company as a premier omnichannel retail platform worldwide for high-performing small and medium-sized businesses.
  • The combination of Lightspeed with the talent and technology of Vend, widely acknowledged as providing one of the foremost retail products on the market, will help to further growth by ultimately providing the Vend customer base access to the company's broader commerce solutions, such as Lightspeed Payments , Lightspeed eCommerce , Lightspeed Loyalty , as well as future access to the Lightspeed Supplier Network .
  • "We are thrilled to partner with Vend, a team that matches Lightspeed's passion for retail.
  • "Lightspeed's global excellence and commitment to community is inspirational to Vend," says Ana Wight, CEO of Vend.