Canadian Retail Solutions Now Offering Xsilva's Lightspeed Pos

Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. Lightspeed provides small and medium sized retail and restaurant businesses with point of sale solutions. There are currently 50,000 businesses using Lightspeed in over 100 countries and $15 billion in transactions processed by customers annually. Montreal-based cloud-based point-of-sale platform Lightspeed has introduced Lightspeed Analytics to its roster of products geared towards independent retailers. Lightspeed Analytics is designed to provide retailers with insights and recommendations into their sales, inventory, employee performance and customer behaviours, with an aim of providing retailers a competitive edge in their industry.

In add-on to becoming the hottest-looking POS System you've actually seen, Xsilva can now add the name “award-winning” to its brand-new Mac-based mobile stage of sale option's repertoire. This 7 days, (RTP), the retail market's go-to source for consumer engagement strategies, identified, Xsilva's fully incorporated, Mac-based mobile Stage of Purchase option, with the Néxt-Gen Retail Honor in the Obligations/Point of Sale category. The initial annual Next-Gen Store Awards recognized 10 businesses that showcased revolutionary solutions at the National Store Federation's 100 th Yearly Meeting this Jan in New York. 'We are deeply honoured that LightSpeed Cell phone is receiving awards both from the suppliers who possess transformed their stores with this thrilling new technology and from respectable retail business experts like as Retail TouchPoints,' stated Dax Dasilva, XsiIva CEO. Thé RTP content team utilized four factors to evaluate solution companies that offered at the NRF:. The Reducing Edge Element - A fresh, revolutionary approach to daily jobs and functions.

The First-óf-its-Kind Factor - A never-seen-before option that displays great possible. The Game-Changing Aspect - An method that empowers retailers to reduces costs of their efforts and potentially gain a competitive advantage. The 'Must-See' Element - Solutions that halted attendees in their trails on the display flooring. LightSpeed Cell phone will be the cellular retail expansion to the néxt-generation LightSpeed Stage of Sale system for Mac that provides been amazing suppliers and their clients.

Making use of the same mobile equipment utilized by Apple company in its extremely acclaimed retail stores, LightSpeed Mobile offers retailers a genuine advantage over rivals with an affordable substitute to traditional retail techniques and lengthy, impersonal Iine-ups at thé sign up. Retail product sales employees can make use of an iPod contact or iPhone and LightSpeed Mobile to connect to a LightSpeed database and process sales anyplace in the store. On the retail ground, employees making use of an iPod contact or iPhone working the LightSpeed Mobile application check or search the product(h); include, edit or arranged the client; and then hands off the selling to a Mac desktop operating the LightSpeed POS. This functionality allows a smooth workflow for those clients who wish to spend by a technique some other than credit score card, namely cash, check, or alternative payment technique that needs a Mac-connected money drawer or external airport terminal.

The consumer of the desktop POS will observe a bubble appéar on the left sidebar of the screen, an orange LightSpeed Portable image that can end up being clicked to finish the transaction. This function spotlights the unified retail POS expertise offered by LightSpeed across cellular and the desktop, in stark contrast to additional cellular POS promotions that are usually grafted onto heritage PC-based techniques., with big-box merchants spending millions on custom made growth of cellular POS programs and SMBs looking for affordable, simple to use, off-the-shelf systems that improve customer expertise and enhance their product sales procedures. LightSpeed Mobile phone satisfies that marketplace need. It is usually no surprise to notice LightSpeed Mobile get the Next-Gen Retail Prize. If you liked this article, also try.

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Contents. History launched Lightspeed in 2005 to help businesses re-create an on the web shopping expertise that provided convenience, personalization and item details. DaSilva will be a coder and formerly interned with an developer. From 2006 to 2011, the organization got a 1900 percent growth and was called one of the fastest developing companies in Canada. In 2012, ranked Lightspeed quantity 61 on its listing of 'Canada's 200 fastest increasing businesses.'

Accel Partners directed a $30 million expense round in 2012. In Aug of that same 12 months, the company was called champion of the 5tl Yearly Innovative Honor - Software Programs for their item, Lightspeed for iPad, which was developed to offer the ease-of-access, worth and swiftness typical of the on-line shopping encounter to brick-ánd-mortar retail businesses. Considered the first interactive POS system of its type, Lightspeed for iPad armed suppliers with effective product sales and inventory administration tools and helped to speed up the client checkout process. Lightspeed opened up its first US office in New York City in March 2013. The 3,000 rectangular foot room, which homes its US sales team and display showroom would come to function as a training middle for suppliers. Known for hosting numerous retail technology seminars, these activities were organized to encourage business owners to satisfy and swap ideas, ideas and best practices with the goal of enhancing the in-store purchasing experiences they provided.

In September 2013, the firm launched Lightspeed Store, an web-based product that can end up being used from any pc. The product was made by MerchantOS, a Lightspeed obtained software designer. Lightspeed's clients processed $7.5 billion in 2013. On Summer 18, 2014, Lightspeed introduced the addition of Advanced AnaIytics to Lightspeed Retail's feature roster. Producing over 40 reports that offer real-time sales, employee, transaction, vendor, stock and consumer data; the insights retailers could obtain would assist them easily spot tendencies and create better business choices. The kind of information analysis the function yields is definitely equivalent to that óf wide-scaIe ERP or business intelligence solutions, but is certainly far even more affordable and less complicated to recognize. In Sept 2014, Lightspeed shut a $35 million expense round directed by iNovia Funds That 30 days, Lightspeed partnered with, a transaction control and technology solutions service provider, to develop a transaction platform that allows users create transactions within Lightspeed't software program.

The pursuing month, Lightspeed obtained POSIOS, a -based mobile food point-of-sale company, to broaden into the restaurant sector. By Oct 2014, Lightspeed served 21,000 businesses and processed $8.2 billion in annual run-rate dealings. As of April 2015, Lightspeed was being installed in 1,000 fresh shops every 30 days, its software program was being used by 23,000 companies in even more than 30 countries and its deal volume acquired increased 120 percent from the prior yr. In September of that 12 months, Lightspeed closed a $61 million Collection C round of financing directed by and, with participation from previous traders Accel Partners and iNovia. In November 2015, Lightspeed obtained Amsterdam-based eCommerce software designer SEOShop, and introduced that it would end up being expanding its item offering to provide both brick-ánd-mortar and on the web suppliers. SEOShop'beds eCommerce system would become rebranded as Lightspéed eCom and further sophisticated to offer a even more complete integration with the organization's retail POS software program. In Oct 2017, Lightspeed POS Inc.

Has raised about M$200 million ($160 million) in a new round of venture-capital funding, one of the greatest purchases for a Canadian startup. Procedures Lightspeed offers 560 workers in Montreal, 0ttawa, Ghent, Amsterdam, 0lympia, Birmingham, and New York The company has customers in thirty countries, but mainly in the United Expresses, Canada, Down under and Britain.

In October 2017, Lightspeed offered 50,000 businesses and processed $15 billion in annual run-rate dealings. External links. Work references. ^ Jon Russell (October 22, 2014). Gathered Dec 7, 2014.

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