Report: Technology Improves Consumers’ Shopping Experience

Lightspeed, a commerce platform for merchants, has entered into definitive agreements to acquire two digital commerce companies, Ecwid and NuORDER. The idea is to unify its commerce ecosystem and ignite business creation, officials said in a statement.

“Once closed, the acquisitions will provide Lightspeed customers new entry points to the digital economy, unprecedented supply chain management as well as increased opportunities to provide outstanding customer experiences online,” officials said.

Ecwid is a global e-commerce platform that allows customers to create standalone businesses in minutes, according to officials.

“Once integrated, the combination of Lightspeed and Ecwid will help merchants to reach shoppers where they are, whether on social media or digital marketplaces, ushering in newfound selling flexibility and omnichannel experiences,” officials said.

NuORDER is a transformative digital platform connecting businesses and suppliers.

“Together, Lightspeed and NuORDER will create an industry-leading bridge between the merchant and supplier experience, simplifying product ordering for retailers and offering brands crucial insight into how their products move,” officials said.

The acquisition of NuORDER, officials added, will capitalize on the early success of the Lightspeed Supplier Network and accelerate the growth of Lightspeed’s financial services offerings, including Lightspeed Payments and Lightspeed Capital.

“By joining forces with Ecwid and NuORDER, Lightspeed becomes the common thread uniting merchants, suppliers and consumers, a transformation we believe will enable innovative retailers to adapt to the new world of commerce,” said Dax Dasilva, founder and CEO of Lightspeed, which is based in Montreal, Canada. “As economies reopen and business creation accelerates, we hope to embolden entrepreneurs with the tools they need to simplify their operations and scale their ambitions.”

Both deals are expected to close during the quarter ended Sept. 30. The closing of the two acquisitions is not contingent on each other, officials said.

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