Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity [TheStreet.com]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: TheStreet.com
Transaction Sharpens Focus on Core Growth Engines of Retail in North America and Hospitality in Europe MONTREAL April 29, 2026 /CNW/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), the unified omnichannel platform powering ambitious retail, golf and hospitality businesses in over 100 countries, today announced the sale of its non-core Upserve U.S. hospitality product line ("Upserve") to Skyview Equity ("Skyview") for total cash consideration of up to $81 million USD, $37 million of which is subject to an earnout. The divestiture is consistent with Lightspeed's strategy to streamline its portfolio and concentrate on its two core growth engines of retail in North America and hospitality in Europe. The divested operations contributed ~$140 million in total revenue, ~$26 million in total gross profit, and ~$5 billion in total GTV for Fiscal 2026. The transaction encompasses ~3,200 U.S. hospitality Customer Locations and ~70 employees, who are ex
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News
- Lightspeed sells underperforming U.S. unit Upserve for fraction of $430-million paid in 2020 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity For US$81 Million [Yahoo! Finance]Yahoo! Finance
- Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity [Yahoo! Finance]Yahoo! Finance
- Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview EquityPR Newswire
- Lightspeed Commerce (LSPD) had its price target lowered by Barclays PLC from $12.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
LSPD
Sec Filings
- 4/29/26 - Form 6-K
- 4/9/26 - Form 6-K
- 3/16/26 - Form 144
- LSPD's page on the SEC website